Table 1 Descriptive statistics for... | Emerald Publishing

Table 1

Descriptive statistics for monthly excess returns of agricultural food companies

Variables	N	Mean (%)	Min	Max	Sd	SE
Dependent Variables
$R_{S / L} - R_{f}$	168	0.27	−24.06	16.41	6.33	0.49
$R_{S / M} - R_{f}$	168	0.78	−18.29	31.99	6.31	0.49
$R_{S / H} - R_{f}$	168	1.63	−19.24	42.47	6.85	0.53
$R_{B / L} - R_{f}$	168	1.11	−14.05	13.3	3.97	0.31
$R_{B / M} - R_{f}$	168	1.16	−17.22	13.59	4.33	0.34
$R_{B / H} - R_{f}$	168	1.23	−16.67	34.56	5.75	0.45
Independent Variables
SMB	168	−0.29	−12.11	12.02	3.25	0.25
HML	168	0.75	−11.38	27.56	3.86	0.30
Mkt	168	1.03	−17.95	23.99	4.88	0.38

Variables	N	Mean (%)	Min	Max	Sd	SE
Dependent Variables
$R_{S / L} - R_{f}$	168	0.27	−24.06	16.41	6.33	0.49
$R_{S / M} - R_{f}$	168	0.78	−18.29	31.99	6.31	0.49
$R_{S / H} - R_{f}$	168	1.63	−19.24	42.47	6.85	0.53
$R_{B / L} - R_{f}$	168	1.11	−14.05	13.3	3.97	0.31
$R_{B / M} - R_{f}$	168	1.16	−17.22	13.59	4.33	0.34
$R_{B / H} - R_{f}$	168	1.23	−16.67	34.56	5.75	0.45
Independent Variables
SMB	168	−0.29	−12.11	12.02	3.25	0.25
HML	168	0.75	−11.38	27.56	3.86	0.30
Mkt	168	1.03	−17.95	23.99	4.88	0.38

Source(s): Authors' own work