Table IV. Descriptive statistics of... | Emerald Publishing

Table IV.

Descriptive statistics of CBEI, board of directors and control variables (2016)

Indicators	General sample			Segments of corporate governance (Medium)
Indicators	Average	Medium	SD	Traditional	Level 1	Level 2	New market
CBEI	0.6181	0.7692	0.3603	0.3881	0.7720	0.7814	0.7951
Size of board	6.6234	6.0000	2.6978	5.3257	8.8214	8.4736	7.2015
Gender president	0.9673	1.0000	0.1781	0.9717	0.9200	1.0000	0.9696
Independence	0.2158	0.1818	0.2227	0.0577	0.1452	0.2974	0.3808
Chairman/CEO	0.1158	0.0000	0.3204	0.2631	0.0000	0.0526	0.0000
Age	47.2224	53.8000	21.7764	50.8413	46.3445	51.4125	43.1557
Meetings	9.1392	8.0000	7.5298	5.9548	13.5000	13.2777	10.8846
Leverage	0.8087	0.6174	1.1824	1.0303	0.6210	0.7528	0.6429
Log market value	20.7041	20.8500	2.3182	19.4898	22.3164	21.3183	21.1602

Indicators	General sample			Segments of corporate governance (Medium)
Indicators	Average	Medium	SD	Traditional	Level 1	Level 2	New market
CBEI	0.6181	0.7692	0.3603	0.3881	0.7720	0.7814	0.7951
Size of board	6.6234	6.0000	2.6978	5.3257	8.8214	8.4736	7.2015
Gender president	0.9673	1.0000	0.1781	0.9717	0.9200	1.0000	0.9696
Independence	0.2158	0.1818	0.2227	0.0577	0.1452	0.2974	0.3808
Chairman/CEO	0.1158	0.0000	0.3204	0.2631	0.0000	0.0526	0.0000
Age	47.2224	53.8000	21.7764	50.8413	46.3445	51.4125	43.1557
Meetings	9.1392	8.0000	7.5298	5.9548	13.5000	13.2777	10.8846
Leverage	0.8087	0.6174	1.1824	1.0303	0.6210	0.7528	0.6429
Log market value	20.7041	20.8500	2.3182	19.4898	22.3164	21.3183	21.1602

Source: Research data