Table 4.

Descriptive statistics

VariableOBSMeanSDCVMINMAX
Stock price3101.7501.751.000.14014.10
Stock return2790.0500.265.11−0.6502.25
Market return2790.0080.067.85−0.0820.13
Book value3101.8901.350.71−0.1769.29
Book value_P2791.4300.730.51−0.2795.26
Earning per share3100.1680.321.89−0.4371.98
PV_Abnormal return2790.7294.025.51−8.11022.25

Notes:

OBS (number of observations), MEAN, SD (standard deviation), CV (coefficient of variation) and minimum-maximum values

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