Descriptive statistics
| Variablesa | N | Minimum | Maximum | Mean |
|---|---|---|---|---|
| REMi,tb | 210 | 0.000 | 0.750 | 0.166 |
| BSIZEi,t | 210 | 5.000 | 12.000 | 8.260 |
| 210 | 2.000 | 6.000 | 3.340 | |
| CEOCHAIRi,t | 210 | 0.000 | 1.000 | 0.720 |
| 210 | 2.000 | 20.000 | 7.260 | |
| 210 | 1.000 | 6.000 | 3.240 | |
| 210 | 2.000 | 4.000 | 3.100 | |
| 210 | 2.000 | 4.000 | 2.720 | |
| 210 | 2.000 | 8.000 | 4.360 | |
| 210 | 1.000 | 3.000 | 1.460 | |
| LEVi,t | 210 | 0.000 | 0.900 | 0.290 |
| 210 | 0.000 | 1.000 | 0.930 | |
| 210 | 17.350 | 24.200 | 20.980 | |
| 210 | −0.590 | 0.440 | 0.040 |
| Variablesa | Minimum | Maximum | Mean | |
|---|---|---|---|---|
| REM | 210 | 0.000 | 0.750 | 0.166 |
| BSIZE | 210 | 5.000 | 12.000 | 8.260 |
| 210 | 2.000 | 6.000 | 3.340 | |
| CEOCHAIR | 210 | 0.000 | 1.000 | 0.720 |
| 210 | 2.000 | 20.000 | 7.260 | |
| 210 | 1.000 | 6.000 | 3.240 | |
| 210 | 2.000 | 4.000 | 3.100 | |
| 210 | 2.000 | 4.000 | 2.720 | |
| 210 | 2.000 | 8.000 | 4.360 | |
| 210 | 1.000 | 3.000 | 1.460 | |
| LEV | 210 | 0.000 | 0.900 | 0.290 |
| 210 | 0.000 | 1.000 | 0.930 | |
| 210 | 17.350 | 24.200 | 20.980 | |
| 210 | −0.590 | 0.440 | 0.040 |
Notes: aDefinitions of these variables are indicated under Table III; bThese variables were winsorized at 5 per cent due to the presence of outliers
Source: Author constructed
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