Table 3 Descriptive statistics Variables...

Table 3

Descriptive statistics

Variables	Obs.	Mean	Median	SD	Min	Max
Dependent variables
BETA	132	1.01	1.01	0.420	−0.0200	2.58
VOLATILITY	132	0.117	0.126	0.0306	0.0150	0.144
Independent variables
SER	132	−0.00302	−0.00406	0.0236	−0.0518	0.0848
ENV	132	0.00910	0.00812	0.0278	−0.0739	0.0910
SOC	132	−0.00725	−0.00979	0.0287	−0.0665	0.0863
GOV	132	−0.0115	−0.0103	0.0224	−0.0733	0.0606
Control variables
TA	132	1.54e + 008	4.49e + 007	3.92e + 008	2.27e + 006	2.62e + 009
PE	132	25.5	19.3	36.6	5.02	388.00
EMP	132	1.04e + 005	5.30e + 004	2.08e + 005	2.66e + 003	2.20e + 006
CD	132	0.167	0.00	0.374	0.00	1.00
CS	132	0.121	0.00	0.328	0.00	1.00
ES	132	0.0455	0.00	0.209	0.00	1.00
FIN	132	0.114	0.00	0.319	0.00	1.00
HC	132	0.205	0.00	0.405	0.00	1.00
IND	132	0.152	0.00	0.360	0.00	1.00
IT	132	0.0833	0.00	0.277	0.00	1.00
MAT	132	0.0455	0.00	0.209	0.00	1.00
RE	132	0.00758	0.00	0.0870	0.00	1.00
TS	132	0.0152	0.00	0.123	0.00	1.00

Variables	Obs.	Mean	Median	SD	Min	Max
Dependent variables
BETA	132	1.01	1.01	0.420	−0.0200	2.58
VOLATILITY	132	0.117	0.126	0.0306	0.0150	0.144
Independent variables
SER	132	−0.00302	−0.00406	0.0236	−0.0518	0.0848
ENV	132	0.00910	0.00812	0.0278	−0.0739	0.0910
SOC	132	−0.00725	−0.00979	0.0287	−0.0665	0.0863
GOV	132	−0.0115	−0.0103	0.0224	−0.0733	0.0606
Control variables
TA	132	1.54e + 008	4.49e + 007	3.92e + 008	2.27e + 006	2.62e + 009
PE	132	25.5	19.3	36.6	5.02	388.00
EMP	132	1.04e + 005	5.30e + 004	2.08e + 005	2.66e + 003	2.20e + 006
CD	132	0.167	0.00	0.374	0.00	1.00
CS	132	0.121	0.00	0.328	0.00	1.00
ES	132	0.0455	0.00	0.209	0.00	1.00
FIN	132	0.114	0.00	0.319	0.00	1.00
HC	132	0.205	0.00	0.405	0.00	1.00
IND	132	0.152	0.00	0.360	0.00	1.00
IT	132	0.0833	0.00	0.277	0.00	1.00
MAT	132	0.0455	0.00	0.209	0.00	1.00
RE	132	0.00758	0.00	0.0870	0.00	1.00
TS	132	0.0152	0.00	0.123	0.00	1.00

Source: Authors’ own creation

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