Table 3

Descriptive statistics of the variables

MinMaxMeanMedianStd. Dev
Dependent variables
ESG performance (ESG_perf)30.172589.433261.347461.364613.3738
Independent variables
Board size (B_size)23714.250414.06454.6770
Board gender diversity (B_gend)00.42670.32470.10250.3978
Board mass of gender diversity (B_mgend)010.31530.37960.3059
Board age (B_age)52.446265.406058.424258.40062.4342
Board activity (B_act)1.0893.6772.0372.0440.526
Board independence (B_ind)010.60850.61660.2741
CSR/sustainability committee (CSR_com)010.58400.59990.4976
Control variables
Bank size (Size)6.86349.43097.82657.80280.6542
Leverage (Lev)0.01760.21290.07470.08530.0455
Return on equity (Roe)−2.77920.71870.04160.06780.2042
GDP per capita (Gdp)−12.51549.50760.08270.15953.6763

Note(s): Panel data for the period 2017–2021

Source(s): Table by authors

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