Table 3 Descriptive statistics of the...

Table 3

Descriptive statistics of the variables: panel data for the period 2016–2020

Variables	Min	Max	Mean	Median	SD
Dependent variables
Return on equity (ROE)	−2.7790	0.7185	0.0414	0.0679	0.2041
Return on assets (ROA)	−0.0730	0.0420	0.0039	0.0038	0.0087
Tobin’s Q (TQ)	0.86	51.80	1.56	0.99	3.926
Stock return (SR)	−0.8925	1.6869	−0.0009	−0.0032	0.3494
Independent variables
ESG combined (ESG_comb)	30.17	89.43	61.34	61.36	13.37
Environmental (ENV)	9.06	93.67	75.95	84.17	17.55
Social (SOC)	32.77	97.33	74.37	75.81	12.43
Governance (GOV)	17.56	97.36	66.42	69.09	18.17
ENV_Ru	29.44	99.75	81.54	84.49	14.61
ENV_Em	0.27	99.85	78.50	82.43	17.69
ENV_In	4.48	93.05	73.95	87.27	21.82
SOC_Wf	49.55	99.87	86.44	87.99	9.45
SOC_Hr	5.32	98.14	65.45	71.35	26.34
SOC_Com	3.42	88.85	69.21	78.69	25.11
SOC_Prd	14.37	99.76	65.25	71.59	26.63
GOV_Mo	4.80	99.51	68.89	74.57	24.99
GOV_Shr	1.10	99.06	55.64	55.41	27.04
GOV_Csr	8.43	99.40	70.58	75.02	20.94
Control variables
SIZE	21.36	27.42	25.00	26.04	1.66
CAP	0.09	0.32	0.16	0.15	0.04
LIQ	0.08	0.82	0.39	0.37	0.16
LOANDEP	0.48	2.03	0.98	0.90	0.27
CUSTDEP	0.26	0.95	0.60	0.63	0.17
GDP	−12.51	9.50	0.08	0.15	3.67
INF	−25.54	33.75	3.75	3.99	10.13

Variables	Min	Max	Mean	Median	SD
Dependent variables
Return on equity (ROE)	−2.7790	0.7185	0.0414	0.0679	0.2041
Return on assets (ROA)	−0.0730	0.0420	0.0039	0.0038	0.0087
Tobin’s Q (TQ)	0.86	51.80	1.56	0.99	3.926
Stock return (SR)	−0.8925	1.6869	−0.0009	−0.0032	0.3494
Independent variables
ESG combined (ESG_comb)	30.17	89.43	61.34	61.36	13.37
Environmental (ENV)	9.06	93.67	75.95	84.17	17.55
Social (SOC)	32.77	97.33	74.37	75.81	12.43
Governance (GOV)	17.56	97.36	66.42	69.09	18.17
ENV_Ru	29.44	99.75	81.54	84.49	14.61
ENV_Em	0.27	99.85	78.50	82.43	17.69
ENV_In	4.48	93.05	73.95	87.27	21.82
SOC_Wf	49.55	99.87	86.44	87.99	9.45
SOC_Hr	5.32	98.14	65.45	71.35	26.34
SOC_Com	3.42	88.85	69.21	78.69	25.11
SOC_Prd	14.37	99.76	65.25	71.59	26.63
GOV_Mo	4.80	99.51	68.89	74.57	24.99
GOV_Shr	1.10	99.06	55.64	55.41	27.04
GOV_Csr	8.43	99.40	70.58	75.02	20.94
Control variables
SIZE	21.36	27.42	25.00	26.04	1.66
CAP	0.09	0.32	0.16	0.15	0.04
LIQ	0.08	0.82	0.39	0.37	0.16
LOANDEP	0.48	2.03	0.98	0.90	0.27
CUSTDEP	0.26	0.95	0.60	0.63	0.17
GDP	−12.51	9.50	0.08	0.15	3.67
INF	−25.54	33.75	3.75	3.99	10.13

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