Table 3 Descriptive statistics Mean Std.... | Emerald Publishing

Table 3

Descriptive statistics

	Mean	Std. Dev.	25th perc.	Median	75th perc.
Dependent variables
PBT	4,484	11,901	356	989	3,221
ln(PBT)	6.977	1.713	5.875	6.897	8.077
Independent variables
γ_i percentage of control (voting rights) i	0.933	0.139	0.960	1.000	1.000
Ownership subsidiaries	0.011	0.137	−0.027	0.000	0.015
Minorities protection index	4.376	0.561	3.981	4.313	4.843
π_i statutory tax rate i	0.289	0.039	0.250	0.300	0.314
C tax subsidiaries	0.051	0.810	−0.040	0.002	0.241
π_p statutory tax rate p	0.308	0.030	0.297	0.314	0.333
C tax parent	−0.036	0.053	−0.067	−0.047	0.009
TangibleAssets	15,600	84,992	157	844	4212
ln(TangibleAssets)	6.745	2.349	5.056	6.738	8.346
CompExp	8,888	26,088	1,013	2,503	6,670
ln(CompExp)	7.894	1.476	6.921	7.825	8.805
GDP	25,383	6,972	17,000	23,200	33,600
ln(GDP)	10.102	0.286	9.741	10.052	10.422

	Mean	Std. Dev.	25th perc.	Median	75th perc.
Dependent variables
PBT	4,484	11,901	356	989	3,221
ln(PBT)	6.977	1.713	5.875	6.897	8.077
Independent variables
γ_i percentage of control (voting rights) i	0.933	0.139	0.960	1.000	1.000
Ownership subsidiaries	0.011	0.137	−0.027	0.000	0.015
Minorities protection index	4.376	0.561	3.981	4.313	4.843
π_i statutory tax rate i	0.289	0.039	0.250	0.300	0.314
C tax subsidiaries	0.051	0.810	−0.040	0.002	0.241
π_p statutory tax rate p	0.308	0.030	0.297	0.314	0.333
C tax parent	−0.036	0.053	−0.067	−0.047	0.009
TangibleAssets	15,600	84,992	157	844	4212
ln(TangibleAssets)	6.745	2.349	5.056	6.738	8.346
CompExp	8,888	26,088	1,013	2,503	6,670
ln(CompExp)	7.894	1.476	6.921	7.825	8.805
GDP	25,383	6,972	17,000	23,200	33,600
ln(GDP)	10.102	0.286	9.741	10.052	10.422

Note(s): Refer to Appendix for variable definitions