Table 3. Descriptive statistics Overall...

Table 3.

Descriptive statistics

Overall descriptive statistics
Variable	Panel	Mean	SD	Min	Max	Variable	Mean	SD	Min	Max
ROA	overall	8.57	9.83	−65.13	75.23	TQ	1.66	2.94	0.32	74.66
	between		8.50	−6.64	52.18			1.40	0.45	12.07
	within		5.02	−49.91	36.65			2.59	−8.34	64.25
ROE	overall	11.95	35.05	−655.22	106.54	FSIZE	6.79	1.43	2.19	10.99
	between		17.68	−96.30	56.23			1.39	3.50	10.13
	within		30.32	−546.97	119.09			0.36	5.00	11.52
ROCE	overall	9.72	27.61	−516.44	86.89	LVR	47.81	110.51	2.51	2,869.03
	between		15.43	−66.94	75.25			44.47	8.32	411.46
	within		22.94	−439.78	84.33			101.27	−343.56	2,505.37
MVA	overall	184,600	1,203,803	−3,200,000	12,000,000	LIQ	241.89	1,377.38	0.02	21,645.40
	between		1,094,914	−2,700,000	7,875,000			1,210.75	0.10	10,986.26
	within		512,508	−4,890,400	4,309,600			668.11	−6,551.41	10,901.02

Overall descriptive statistics
Variable	Panel	Mean	SD	Min	Max	Variable	Mean	SD	Min	Max
ROA	overall	8.57	9.83	−65.13	75.23	TQ	1.66	2.94	0.32	74.66
	between		8.50	−6.64	52.18			1.40	0.45	12.07
	within		5.02	−49.91	36.65			2.59	−8.34	64.25
ROE	overall	11.95	35.05	−655.22	106.54	FSIZE	6.79	1.43	2.19	10.99
	between		17.68	−96.30	56.23			1.39	3.50	10.13
	within		30.32	−546.97	119.09			0.36	5.00	11.52
ROCE	overall	9.72	27.61	−516.44	86.89	LVR	47.81	110.51	2.51	2,869.03
	between		15.43	−66.94	75.25			44.47	8.32	411.46
	within		22.94	−439.78	84.33			101.27	−343.56	2,505.37
MVA	overall	184,600	1,203,803	−3,200,000	12,000,000	LIQ	241.89	1,377.38	0.02	21,645.40
	between		1,094,914	−2,700,000	7,875,000			1,210.75	0.10	10,986.26
	within		512,508	−4,890,400	4,309,600			668.11	−6,551.41	10,901.02

Notes:

1- Observations (Overall: N = 680, between: n = 85, within: T = 8)

2- LEV is leverage, ROE is return on equity, TQ is Tobin-Q, LIQ is liquidity, ROCE is return on capital employed, ROA is return on assets, FSIZE is firm size and MVA is market value added

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