Table 2 Descriptive statistics for... | Emerald Publishing

Table 2

Descriptive statistics for restating firms (test firms)

Period	Symbol	N	Min	Max	Std. Deviation	Mean	Range
t−2	LEV	172	0.01	7.51	0.75	0.70	7.15
	LIT	50	0.00	6.62	0.93	0.15	6.62
	MTB	144	−43.79	12.23	4.50	1.14	56.02
	NI	172	−0.85	88.88	6.87	0.67	89.72
	RET	172	−56.52	535.33	61.49	26.88	591.85
	SIZE	172	10.152	13.96	2.76	11.15	3.81
t−1	LEV	172	0.01	7.51	0.96	0.84	7.51
	LIT	56	0.00	0.06	0.01	0.01	0.06
	MTB	172	−22.88	56.82	5.19	1.44	79.70
	NI	172	−0.70	93.79	10.27	1.32	94.48
	RET	119	−72/38	535.33	92.11	28.22	607.71
	SIZE	172	10.17	14.01	1.94	11.56	3.83
T	LEV	171	0.04	7.51	1.04	0.90	7.48
	LIT	54	0.00	0.05	0.01	0.01	0.05
	MTB	171	−25.92	56.82	7.03	1.71	82.73
	NI	171	−77.66	93.79	11.53	0.63	170.94
	RET	124	−76.38	452.12	91.48	37.14	528.50
	SIZE	171	10.18	14.01	0.92	11.87	3.83

Period	Symbol	N	Min	Max	Std. Deviation	Mean	Range
t−2	LEV	172	0.01	7.51	0.75	0.70	7.15
	LIT	50	0.00	6.62	0.93	0.15	6.62
	MTB	144	−43.79	12.23	4.50	1.14	56.02
	NI	172	−0.85	88.88	6.87	0.67	89.72
	RET	172	−56.52	535.33	61.49	26.88	591.85
	SIZE	172	10.152	13.96	2.76	11.15	3.81
t−1	LEV	172	0.01	7.51	0.96	0.84	7.51
	LIT	56	0.00	0.06	0.01	0.01	0.06
	MTB	172	−22.88	56.82	5.19	1.44	79.70
	NI	172	−0.70	93.79	10.27	1.32	94.48
	RET	119	−72/38	535.33	92.11	28.22	607.71
	SIZE	172	10.17	14.01	1.94	11.56	3.83
T	LEV	171	0.04	7.51	1.04	0.90	7.48
	LIT	54	0.00	0.05	0.01	0.01	0.05
	MTB	171	−25.92	56.82	7.03	1.71	82.73
	NI	171	−77.66	93.79	11.53	0.63	170.94
	RET	124	−76.38	452.12	91.48	37.14	528.50
	SIZE	171	10.18	14.01	0.92	11.87	3.83