Table 2 Summary of descriptive... | Emerald Publishing

Table 2

Summary of descriptive statistics for developing-country full sample

Variable	Definition	Mean	Median	SD	Z-test calculated for means
TDTA	Total debt to total assets (%)	25.05	23.11	20.09	−11.04
LSL	Log of sales	6.35	6.32	1.42	6.39
MTB	Market-to-book ratio	1.90	1.25	2.17	0.38
PPETA	Property, plant and equipment, net, scaled by total assets (%)	36.18	34.00	22.97	−19.13
DEPTA	Depreciation to total assets (%)	3.02	3.00	2.76	0.32
EBITA	Earnings before interest and tax scaled by total assets (%)	9.40	7.00	8.49	−23.53
FAge	Year of establishment	33.09	29.00	19.83	−49.73
POR	Payout ratio (%)	18.43	0.00	25.59	0.50
EVTA	Enterprise value to total assets	1.29	0.76	2.90	2.89
GPDG	Growth rate of GDP (%)	5.58	5.90	2.37	6.57
INF	Inflation rate (%)	5.58	4.91	3.57	−7.17
INT	Banks' lending rate (%)	10.09	9.67	6.72	−28.05
PCDBM	Private credit by deposit money bank (%)	57.73	49.54	27.50	124.3

Variable	Definition	Mean	Median	SD	Z-test calculated for means
TDTA	Total debt to total assets (%)	25.05	23.11	20.09	−11.04
LSL	Log of sales	6.35	6.32	1.42	6.39
MTB	Market-to-book ratio	1.90	1.25	2.17	0.38
PPETA	Property, plant and equipment, net, scaled by total assets (%)	36.18	34.00	22.97	−19.13
DEPTA	Depreciation to total assets (%)	3.02	3.00	2.76	0.32
EBITA	Earnings before interest and tax scaled by total assets (%)	9.40	7.00	8.49	−23.53
FAge	Year of establishment	33.09	29.00	19.83	−49.73
POR	Payout ratio (%)	18.43	0.00	25.59	0.50
EVTA	Enterprise value to total assets	1.29	0.76	2.90	2.89
GPDG	Growth rate of GDP (%)	5.58	5.90	2.37	6.57
INF	Inflation rate (%)	5.58	4.91	3.57	−7.17
INT	Banks' lending rate (%)	10.09	9.67	6.72	−28.05
PCDBM	Private credit by deposit money bank (%)	57.73	49.54	27.50	124.3

Source(s): Table by Thakur and modified by Matemilola