Table 3 Descriptive analysis Statistics...

Table 3

Descriptive analysis

Statistics	FDI	IFRS dummy	GDP growth	Inflation	Trade openness	Financial market development	Political stability	Governance
N	1,372	1,480	1,443	1,304	1,213	1,236	1,457	1,457
Max	103.34	1	21.39	557.2	152.14	194.17	1.33	1.09
Min	−0.29	0	−36.39	−6.81	2.46	0	−3.31	−2.44
SD	5.94	0.50	4.72	23.65	21.05	28.69	0.89	0.63
Mean	3.88	0.44	3.90	8.92	55.92	32.80	−0.62	−0.62
p25	1.19	0	2.13	2.61	40.74	12.91	−1.16	−1.02
p50	2.41	0	4.33	5.20	51.95	24.25	−0.51	−0.62
p75	4.55	1	6.46	9.01	68.45	43.89	0	−0.15

Statistics	FDI	IFRS dummy	GDP growth	Inflation	Trade openness	Financial market development	Political stability	Governance
N	1,372	1,480	1,443	1,304	1,213	1,236	1,457	1,457
Max	103.34	1	21.39	557.2	152.14	194.17	1.33	1.09
Min	−0.29	0	−36.39	−6.81	2.46	0	−3.31	−2.44
SD	5.94	0.50	4.72	23.65	21.05	28.69	0.89	0.63
Mean	3.88	0.44	3.90	8.92	55.92	32.80	−0.62	−0.62
p25	1.19	0	2.13	2.61	40.74	12.91	−1.16	−1.02
p50	2.41	0	4.33	5.20	51.95	24.25	−0.51	−0.62
p75	4.55	1	6.46	9.01	68.45	43.89	0	−0.15

Note(s): FDI= Foreign Direct Investment; IFRS Dummy = IFRS Adoption Status; Governance and political stability indicators are obtained from the Worldwide Governance Indicators (WGI) database and are measured using comparable index scales

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