Table 1 Summary statistics (1) (2) (3)... | Emerald Publishing

Table 1

Summary statistics

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
	Full sample			Prospector		Defender		T-test	Analyzer		Equality test
	Obs	Mean	St dev	Obs	Mean	Obs	Mean	p-value	Obs	Mean	p-value
ETR	10,830	0.259	0.322	696	0.190	888	0.261	0.000	9,246	0.264	0.000
Size	10,830	22.197	1.263	696	22.290	888	21.926	0.000	9,246	22.216	0.000
ROA	10,830	0.050	0.076	696	0.061	888	0.052	0.014	9,246	0.050	0.000
Debt	10,830	0.080	0.117	696	0.082	888	0.062	0.000	9,246	0.082	0.000
Intan	10,830	0.059	0.062	696	0.059	888	0.052	0.025	9,246	0.059	0.005
Inventory	10,830	0.168	0.143	696	0.165	888	0.186	0.009	9,246	0.167	0.000
Cross_list	10,830	0.033	0.180	696	0.032	888	0.028	0.688	9,246	0.034	0.632
SOE	10,663	0.379	0.485	692	0.328	876	0.306	0.350	9,095	0.390	0.000
PC_Board	10,830	0.413	0.492	696	0.407	888	0.374	0.185	9,246	0.418	0.038
PC_MGT	10,830	0.112	0.315	696	0.119	888	0.098	0.175	9,246	0.112	0.347

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
	Full sample			Prospector		Defender		T-test	Analyzer		Equality test
	Obs	Mean	St dev	Obs	Mean	Obs	Mean	p-value	Obs	Mean	p-value
ETR	10,830	0.259	0.322	696	0.190	888	0.261	0.000	9,246	0.264	0.000
Size	10,830	22.197	1.263	696	22.290	888	21.926	0.000	9,246	22.216	0.000
ROA	10,830	0.050	0.076	696	0.061	888	0.052	0.014	9,246	0.050	0.000
Debt	10,830	0.080	0.117	696	0.082	888	0.062	0.000	9,246	0.082	0.000
Intan	10,830	0.059	0.062	696	0.059	888	0.052	0.025	9,246	0.059	0.005
Inventory	10,830	0.168	0.143	696	0.165	888	0.186	0.009	9,246	0.167	0.000
Cross_list	10,830	0.033	0.180	696	0.032	888	0.028	0.688	9,246	0.034	0.632
SOE	10,663	0.379	0.485	692	0.328	876	0.306	0.350	9,095	0.390	0.000
PC_Board	10,830	0.413	0.492	696	0.407	888	0.374	0.185	9,246	0.418	0.038
PC_MGT	10,830	0.112	0.315	696	0.119	888	0.098	0.175	9,246	0.112	0.347

Note(s): 1. The dependent measures and independent variables are defined in Appendix