Table 3

Mean of variables over time

YearCsrBindDualityBsizeCgiLev
20150.7260.6550.2185.0281.1000.564
20160.7170.6890.2545.0491.1280.582
20170.7190.6670.2825.0141.1270.592
20180.7100.6600.2825.0281.1100.593
20190.7230.6610.3315.0141.0950.570
20200.7170.6410.3315.0141.1030.534
20210.7180.6410.3315.0141.1260.498
20220.7190.6410.3315.0141.1350.492
20230.7190.6410.3315.0141.1180.496
20240.7190.6420.3315.0141.0970.491
YearLiqEnlistCapexSizeOwnership
20151.6323.5870.09514.2370.508
20161.4653.6170.09014.3490.499
20171.4573.6450.02214.4410.493
20181.5353.6730.02614.5300.501
20191.6383.6990.12314.7960.497
20201.9763.7250.25715.1050.499
20212.0723.7500.27815.6290.499
20221.8983.7750.32016.0370.499
20231.8823.7990.24416.4140.499
20241.8253.8220.22916.7590.502
Source(s): Authors’ own work

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