Intra-variability between the top and bottom five companies in the crisis (2008–2012)
| Panel A. Syntactical complexity | ||||
|---|---|---|---|---|
| Sections | Top five companies | Bottom five companies | ||
| Mean | Std.Dev | Mean | Std.Dev | |
| 1/3 | 46.78 | 10.60 | 47.78 | 7.79 |
| 2/3 | 51.14 | 10.70 | 48.22 | 10.90 |
| 3/3 | 48.61 | 11.57 | 47.09 | 8.42 |
| Note(s): n = 50. *,**,***/•,••,••• represent significant differences at 0.10, 0.05 and 0.01 shown by Mann-Whitney U/Wilcoxon signed-rank tests, respectively, between top and bottom companies | ||||
| Panel A. Syntactical complexity | ||||
|---|---|---|---|---|
| Sections | Top five companies | Bottom five companies | ||
| Mean | Std.Dev | Mean | Std.Dev | |
| 1/3 | 46.78 | 10.60 | 47.78 | 7.79 |
| 2/3 | 51.14 | 10.70 | 48.22 | 10.90 |
| 3/3 | 48.61 | 11.57 | 47.09 | 8.42 |
| Panel B. Total attributions | ||||
|---|---|---|---|---|
| Sections | Top five companies | Bottom five companies | ||
| n | Mean (%) | n | Mean (%) | |
| 1/3 | 22 | 32.84 | 32 | 36.36 |
| 2/3** | 19 | 28.36 | 43 | 48.86 |
| 3/3*** | 26 | 38.81 | 13 | 14.77 |
| Panel B. Total attributions | ||||
|---|---|---|---|---|
| Sections | Top five companies | Bottom five companies | ||
| Mean (%) | Mean (%) | |||
| 1/3 | 22 | 32.84 | 32 | 36.36 |
| 2/3** | 19 | 28.36 | 43 | 48.86 |
| 3/3*** | 26 | 38.81 | 13 | 14.77 |
Note(s): n = 155. *,**,*** represent significant differences at 0.10, 0.05 and 0.01 shown by χ2/Fisher's exact tests between top and bottom companies
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