Table 2 Descriptive statistics of all...

Table 2

Descriptive statistics of all variables

Variables	N	Mean	Std. dev	Min	Max
$C S R D i s c l o s u r e_{i, t}$	6,375	6.516	11.119	0	49
$C O V I D_{N Z, t}$	6,375	14.552	28.550	0	89
$R A N G E_{i, t}$	6,375	0.121	0.274	0	6.05
$I L L I Q_{i, t}$	6,375	9.806	122.858	0	5331.9
$P R O F_{i, t}$	6,375	0.03	0.13	−0.62	0.29
$L E V_{i, t}$	6,375	1.21	1.40	0	11.76
$S I Z E_{i, t}$	6,375	11.26	1.63	0	15.41
$A G E_{j, t}$	6,375	34.664	41.208	0	238
$B E T A_{N Z, t}^{M K T}$	6,375	−0.12	0.719	−1.291	3.517
$B E T A_{N Z, t}^{S M B}$	6,375	1.974	1.359	−2.142	10.125
$B E T A_{N Z, t}^{H M L}$	6,375	−0.71	0.503	−1.735	2.498
$B E T A_{N Z, t}^{M O M}$	6,375	0.092	0.505	−1.855	1.91

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