Table 2 Descriptive statistics for... | Emerald Publishing

Table 2

Descriptive statistics for period 2018–2021

Variable	Mean	St. Dev	25th perc	Median	75th perc
ESG Score	58,573	18,128	21,720	70,155	94,395
Env Score	57,098	19,570	21,173	68,137	90,942
Social Score	57,208	18,612	21,214	64,288	91,126
Governance Score	71,165	20,885	26,389	67,387	95,333
Market cap (ln)	5,592	15,151	504	800	2,457
Book-to market ratio	0.352	0.559	0.397	0.451	0.592
Lagged one-month returns	0.054	0.348	−0.221	0.013	0.310
Lagged 11-month returns^a	0.060	0.171	0.009	0.073	0.151
Long-term debt	0.216	0.125	0.020	0.227	0.321
Short-term debt	0.056	0.071	0.000	0.013	0.087
Cash holdings	0.424	0.042	0.059	0.185	0.691
Profitability	0.029	0.024	0.020	0.031	0.039
Momentum	0.065	0.497	−0.177	0.058	0.265
Idiosyncratic risk	0.029	0.017	0.005	0.012	0.026

Variable	Mean	St. Dev	25th perc	Median	75th perc
ESG Score	58,573	18,128	21,720	70,155	94,395
Env Score	57,098	19,570	21,173	68,137	90,942
Social Score	57,208	18,612	21,214	64,288	91,126
Governance Score	71,165	20,885	26,389	67,387	95,333
Market cap (ln)	5,592	15,151	504	800	2,457
Book-to market ratio	0.352	0.559	0.397	0.451	0.592
Lagged one-month returns	0.054	0.348	−0.221	0.013	0.310
Lagged 11-month returns^a	0.060	0.171	0.009	0.073	0.151
Long-term debt	0.216	0.125	0.020	0.227	0.321
Short-term debt	0.056	0.071	0.000	0.013	0.087
Cash holdings	0.424	0.042	0.059	0.185	0.691
Profitability	0.029	0.024	0.020	0.031	0.039
Momentum	0.065	0.497	−0.177	0.058	0.265
Idiosyncratic risk	0.029	0.017	0.005	0.012	0.026

Note(s): ^aTo guarantee availability of data on this key control variable our sample is restricted to the period that ends on the 15th of April 2021