Table 1 Descriptive statistics Variable...

Table 1

Descriptive statistics

Variable	Observations	Mean	Standard deviation	Min	Median	Max
Panel A: continuous variables
FLID	138	0.358	0.097	0.147	0.353	0.588
BSIZE	138	2.192	0.295	1.609	2.197	3.045
BINDP	138	0.229	0.087	0	0.222	0.571
BGDIV	138	0.147	0.133	0	0.125	0.429
LEV	138	0.614	0.264	0.066	0.647	0.970
ROA	138	0.073	0.069	0.000	0.046	0.267
FSIZE	138	24.51	1.27	21.20	24.35	27.53
LAGE	138	2.657	0.911	0	3.045	3.738
Panel B: indicator variable
Variable	Observations	Samples with 1	%	Samples with 0		%
ADTAF	138	102	73.91	36		26.09

Variable	Observations	Mean	Standard deviation	Min	Median	Max
Panel A: continuous variables
FLID	138	0.358	0.097	0.147	0.353	0.588
BSIZE	138	2.192	0.295	1.609	2.197	3.045
BINDP	138	0.229	0.087	0	0.222	0.571
BGDIV	138	0.147	0.133	0	0.125	0.429
LEV	138	0.614	0.264	0.066	0.647	0.970
ROA	138	0.073	0.069	0.000	0.046	0.267
FSIZE	138	24.51	1.27	21.20	24.35	27.53
LAGE	138	2.657	0.911	0	3.045	3.738
Panel B: indicator variable
Variable	Observations	Samples with 1	%	Samples with 0		%
ADTAF	138	102	73.91	36		26.09