Table 2.

Descriptive statistics

VariableObsMeanSDMinMax
Monitoring tasks25660.1424.6303.1593.76
Strategy tasks25668.0932.428.7294.75
Advisory tasks25637.7622.4002.5788.96
Women on boards %25613.4811.75050
Proportion point 20%3200.450.5001
Proportion point 33%3290.280.4901
Independent directors %23855.0922.580100
Board size28412.892.65425
CEO duality2560.190.4001
Firm size (total assets)3079.45 × 10071.81 × 100863,4041.04 × 1009
Industry     
Utility3200.150.3601
Banking3200.350.4701
Manufacturing3200.250.4301
High tech3200.120.3301
Service3200.120.3301

Note:

For the definition of the variables, see Table 1 

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