Descriptive statistics of the variables 2014–2018 (N = 270)
| Minimum | Maximum | Mean | Std. Deviation | |
|---|---|---|---|---|
| Excess value | 0.040 | 13.06 | 1.983 | 2.023 |
| HERF | 0.000 | 0.751 | 0.391 | 0.219 |
| Entropy | 0.000 | 1.655 | 0.649 | 0.388 |
| GOR | 0.404 | 27.718 | 2.029 | 2.444 |
| Control variables | ||||
| EBITsales | −0.734 | 0.420 | 0.094 | 0.117 |
| CAPEXsales | −1.494 | 0.938 | 0.035 | 0.153 |
| LDTA | 0.001 | 0.741 | 0.141 | 0.131 |
| Size | 11.342 | 20.431 | 14.427 | 1.771 |
| Minimum | Maximum | Mean | Std. Deviation | |
|---|---|---|---|---|
| Excess value | 0.040 | 13.06 | 1.983 | 2.023 |
| HERF | 0.000 | 0.751 | 0.391 | 0.219 |
| Entropy | 0.000 | 1.655 | 0.649 | 0.388 |
| GOR | 0.404 | 27.718 | 2.029 | 2.444 |
| EBITsales | −0.734 | 0.420 | 0.094 | 0.117 |
| CAPEXsales | −1.494 | 0.938 | 0.035 | 0.153 |
| LDTA | 0.001 | 0.741 | 0.141 | 0.131 |
| Size | 11.342 | 20.431 | 14.427 | 1.771 |
Source(s): Authors' calculations
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.