Summary statistics
| Mean | SD | Min | Max | |
|---|---|---|---|---|
| Whole database | ||||
| Pos ESG | 0.0048 | 0.3877 | −0.6707 | 0.4684 |
| Neg ESG | 0.0025 | 0.4688 | −0.2666 | −0.0109 |
| Firm return | 0.0003 | 0.0293 | −0.3071 | 0.4684 |
| JALSH ret | 0.0002 | 0.0115 | −0.1022 | 0.0726 |
| Excluding neutral sentiment | ||||
| Pos ESG | 0.0373 | 1.0772 | −0.6707 | 0.4684 |
| Neg ESG | 0.0117 | 1.0157 | −0.2666 | −0.0109 |
| Mean | SD | Min | Max | |
|---|---|---|---|---|
| Pos ESG | 0.0048 | 0.3877 | −0.6707 | 0.4684 |
| Neg ESG | 0.0025 | 0.4688 | −0.2666 | −0.0109 |
| Firm return | 0.0003 | 0.0293 | −0.3071 | 0.4684 |
| JALSH ret | 0.0002 | 0.0115 | −0.1022 | 0.0726 |
| Pos ESG | 0.0373 | 1.0772 | −0.6707 | 0.4684 |
| Neg ESG | 0.0117 | 1.0157 | −0.2666 | −0.0109 |
Note(s): Table 3 shows the summary statistics of the variables used in the study. SD shows the standard deviation, Min shows the minimum value and Max shows the maximum value. The first panel gives the summary statistics for the entire database while the second panel presents the summary statistics of a database that excludes observations with a neutral sentiment (a change of 0 in ESG news sentiment)
Source(s): Authors’ estimations
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.