Table 4

Intra-variability between the top and bottom five companies in the crisis (2008–2012)

Panel A. Syntactical complexity
SectionsTop five companiesBottom five companies
MeanStd.DevMeanStd.Dev
1/346.7810.6047.787.79
2/351.1410.7048.2210.90
3/348.6111.5747.098.42
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 B. Total attributions
SectionsTop five companiesBottom five companies
nMean (%)nMean (%)
1/32232.843236.36
2/3**1928.364348.86
3/3***2638.811314.77

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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