Table 3 Descriptive variables Variable...

Table 3

Descriptive variables

Variable	Obs	Mean	Std. dev	Q1	Q3
DEG	2,665	0.263	0.929	−0.393	0.676
EIGEN	2,665	0.057	0.851	−0.341	−0.173
BET	2,665	0.513	0.856	−0.057	0.771
CLOS	2,665	0.0493	1.032	−0.372	0.606
PCA	2,665	0.000	1.387	−0.872	0.376
N-SCORE	2,665	0	0.665	−0.396	0.135
OPINION_CAT	3,168	1.354	0.774	1	2
CLEAN	3,168	0.739	0.439	1	1
SIZE	2,908	9.516	1.383	8.502	10.536
LEV	2,908	0.637	0.158	0.532	0.747
ROA	2,902	0.046	0.053	0.015	0.069
EXP	3,087	−0.005	0.119	−0.011	0.002
RECEI	2,908	0.140	0.092	0.077	0.181
LOSS	3,227	0.104	0.305	0	0
LOSS_t−1	3,004	0.092	0.288	0	0
CLEAN_t−1	2,949	0.737	0.440	1	1
AC_SIZE	3,381	4.296	1.348	3	5
AC_MEET	3,010	6.196	3.091	4	7
B_MEET	3,093	7.302	3.726	5	9
B_INDEP	3,074	0.594	0.201	0.46	0.73
BIG4	3,369	0.918	0.274	1	1
AF_t−1	2,922	15.423	1.434	14.459	16.398
R.LAW	3,381	1.378	0.433	1.1538	1.696
REST_LINKS	3,366	2.867	2.209	1	4
LINKS_TOTAL	3,366	4.004	2.692	2	5

Variable	Obs	Mean	Std. dev	Q1	Q3
DEG	2,665	0.263	0.929	−0.393	0.676
EIGEN	2,665	0.057	0.851	−0.341	−0.173
BET	2,665	0.513	0.856	−0.057	0.771
CLOS	2,665	0.0493	1.032	−0.372	0.606
PCA	2,665	0.000	1.387	−0.872	0.376
N-SCORE	2,665	0	0.665	−0.396	0.135
OPINION_CAT	3,168	1.354	0.774	1	2
CLEAN	3,168	0.739	0.439	1	1
SIZE	2,908	9.516	1.383	8.502	10.536
LEV	2,908	0.637	0.158	0.532	0.747
ROA	2,902	0.046	0.053	0.015	0.069
EXP	3,087	−0.005	0.119	−0.011	0.002
RECEI	2,908	0.140	0.092	0.077	0.181
LOSS	3,227	0.104	0.305	0	0
LOSS_t−1	3,004	0.092	0.288	0	0
CLEAN_t−1	2,949	0.737	0.440	1	1
AC_SIZE	3,381	4.296	1.348	3	5
AC_MEET	3,010	6.196	3.091	4	7
B_MEET	3,093	7.302	3.726	5	9
B_INDEP	3,074	0.594	0.201	0.46	0.73
BIG4	3,369	0.918	0.274	1	1
AF_t−1	2,922	15.423	1.434	14.459	16.398
R.LAW	3,381	1.378	0.433	1.1538	1.696
REST_LINKS	3,366	2.867	2.209	1	4
LINKS_TOTAL	3,366	4.004	2.692	2	5

Note(s): Mean, standard deviation, minimum and maximum of the main variables

See Appendix for the definition of the variables

Source(s): Own elaboration

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