Table 2 Summary of independent and... | Emerald Publishing

Table 2

Summary of independent and control variables

Variables	Code	Measure
Shares held by insiders	SHI	Shares held by insiders as a proportion of all company equity
Board size	BSIZE	Total number of directors on a bank's board
Board leadership assembly	BLS	1 for dual, or 0 non-dual
Independence director	IND	The percentage of independent directors on a bank's board of directors
Female director	FD	The percentage of female directors on a bank's board of directors
Return on sales	ROS	Percentage of after-tax net profit on a company's total sales
Return on assets	ROA	Percentage of after-tax net profit on a company's total assets
Total assets	TA	Total assets of a bank
Total sales	TSE	Total sales of a bank

Variables	Code	Measure
Shares held by insiders	SHI	Shares held by insiders as a proportion of all company equity
Board size	BSIZE	Total number of directors on a bank's board
Board leadership assembly	BLS	1 for dual, or 0 non-dual
Independence director	IND	The percentage of independent directors on a bank's board of directors
Female director	FD	The percentage of female directors on a bank's board of directors
Return on sales	ROS	Percentage of after-tax net profit on a company's total sales
Return on assets	ROA	Percentage of after-tax net profit on a company's total assets
Total assets	TA	Total assets of a bank
Total sales	TSE	Total sales of a bank