Table 2 Balance test results Variable... | Emerald Publishing

Table 2

Balance test results

Variable	Unmatched	Mean		% Reduct.		t-test		V(T)/V(C)
Variable	Matched	Treated	Control	% bias	\|bias\|	t	p>\|t\|	V(T)/V(C)
Lnage	U	2.600	2.528	17.10	2.560	0.0100	1.080	1.08
Lnage	M	2.600	2.584	3.700	78.30	0.440	0.661	1.090
Lnsize	U	22.02	21.57	47.20	7.350	0	1.37*	1.37*
Lnsize	M	22.02	22.03	−0.900	98	−0.100	0.919	0.970
Growth	U	0.338	0.299	6	0.990	0.323	2.01*	2.01*
Growth	M	0.338	0.392	−8.100	−35.60	−0.880	0.380	1.28*
Power	U	1.714	1.714	0	−0.0100	0.995	1.210	1.21
Power	M	1.714	1.713	0	92.60	0	1	1.180
RoA	U	0.0512	0.0509	0.700	0.100	0.920	1.240	1.24
RoA	M	0.0512	0.0503	1.900	−187.6	0.220	0.825	1.190
Lev	U	0.399	0.345	29.80	4.480	0	1.090	1.09
Lev	M	0.399	0.393	3.300	89	0.380	0.707	0.970
Indro	U	0.373	0.371	4.500	0.660	0.512	0.890	0.89
Indro	M	0.373	0.375	−3.500	22.90	−0.400	0.693	0.78*
Lnboard	U	2.219	2.210	5.300	0.780	0.433	1.010	1.01
Lnboard	M	2.219	2.228	−5.800	−9.900	−0.690	0.490	1.040
Ratio	U	5.618	5.690	−2.100	−0.310	0.758	0.960	0.96
Ratio	M	5.618	5.807	−5.500	−161.4	−0.650	0.518	0.960

Variable	Unmatched	Mean		% Reduct.		t-test		V(T)/V(C)
Variable	Matched	Treated	Control	% bias	\|bias\|	t	p>\|t\|	V(T)/V(C)
Lnage	U	2.600	2.528	17.10	2.560	0.0100	1.080	1.08
Lnage	M	2.600	2.584	3.700	78.30	0.440	0.661	1.090
Lnsize	U	22.02	21.57	47.20	7.350	0	1.37*	1.37*
Lnsize	M	22.02	22.03	−0.900	98	−0.100	0.919	0.970
Growth	U	0.338	0.299	6	0.990	0.323	2.01*	2.01*
Growth	M	0.338	0.392	−8.100	−35.60	−0.880	0.380	1.28*
Power	U	1.714	1.714	0	−0.0100	0.995	1.210	1.21
Power	M	1.714	1.713	0	92.60	0	1	1.180
RoA	U	0.0512	0.0509	0.700	0.100	0.920	1.240	1.24
RoA	M	0.0512	0.0503	1.900	−187.6	0.220	0.825	1.190
Lev	U	0.399	0.345	29.80	4.480	0	1.090	1.09
Lev	M	0.399	0.393	3.300	89	0.380	0.707	0.970
Indro	U	0.373	0.371	4.500	0.660	0.512	0.890	0.89
Indro	M	0.373	0.375	−3.500	22.90	−0.400	0.693	0.78*
Lnboard	U	2.219	2.210	5.300	0.780	0.433	1.010	1.01
Lnboard	M	2.219	2.228	−5.800	−9.900	−0.690	0.490	1.040
Ratio	U	5.618	5.690	−2.100	−0.310	0.758	0.960	0.96
Ratio	M	5.618	5.807	−5.500	−161.4	−0.650	0.518	0.960

Note(s): Table by authors