Table 3

Descriptive statistics for the variables

VariableMeanSDMinp25p50p75Max
Green R&D8.40318.1381137139
ROA0.0450.050−0.1540.0190.0440.0710.183
ROE0.0740.094−0.4150.0390.0760.1180.300
Channel power structure13.55412.5120.9005.2809.35017.35064.520
WW index−1.0260.068−1.223−1.066−1.021−0.981−0.877
Debt financing cost0.0170.0120.0000.0070.0160.0250.046

Source(s): Created by authors

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