Table 1

Descriptive statistics

VariableMeanStd. dev.Min.Max.
COVID19_DSE0.4150.4940 (no)1 (yes)
DAYS4.5040.1863.975.07
REGIONAL_CASES2.5921.458<0.015.70
POPULATION700.1760.0330.090.27
NURSING_HOME0.1150.0270.010.24
SHARES_SECURITIES_TOP0.1590.3660 (no)1 (yes)
SHARES_SECURITIES_BOTTOM0.1560.3630 (no)1 (yes)
NO_SHARES_SECURITIES0.6820.4670 (no)1 (yes)
GOVERNMENT_CHANGE0.8890.9020.003.00
BROAD_COALITION0.3950.4900 (no)1 (yes)
MINORITY_GOVERNMENT0.3980.4900 (no)1 (yes)
POPULATION_SIZE9.8690.9837.7913.79
EQUITY0.1920.190−0.450.72
GRANT0.2360.103−0.290.45
DELOITTE0.0310.1740 (no)1 (yes)
EY0.1870.3900 (no)1 (yes)
KPMG0.3200.4680 (no)1 (yes)
PwC0.4150.4940 (no)1 (yes)
AUDIT_RESIDUAL0.0450.2080 (no)1 (yes)

Note(s): For brevity, regional variables are not reported in the table. Of the 289 municipalities included in the analysis, 1.7% are located in REGION_BLEKINGE, 5.2% in REGION_DALARNA, 3.5% in REGION_GÄVLEBORG, 2.1% in REGION_HALLAND, 2.8% in REGION_JÄMTLAND_HÄRJEDALEN, 4.5% in REGION_JÖNKÖPING, 4.2% in REGION_KALMAR, 2.8% in REGION_KRONOBERG, 4.8% in REGION_NORRBOTTEN, 11.4% in REGION_SKÅNE, 9.0% in REGION_STOCKHOLM, 3.1% in REGION_SÖRMLAND, 2.8% in REGION_UPPSALA, 5.5% in REGION_VÄRMLAND, 5.2% in REGION_VÄSTERBOTTEN, 2.4% in REGION_VÄSTERNORRLAND, 3.5% in REGION_VÄSTMANLAND, 17.0% in REGION_VÄSTRAGÖTALAND, 4.2% in REGION_ÖREBRO and 4.5% in REGION_ÖSTERGÖTLAND

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