Table 10

Propensity score matching procedure

VariableSampleMeanStandard deviationst-test
Treatment groupControl groupt-statp-value
SizeBefore matching23.1622.2364.5001.67*
After matching23.1523.16−0.400−0.1200.902
GrowthBefore matching0.3990.466−50.03300.78*
After matching0.3950.399−0.300−0.1200.901
DirBefore matching0.4130.416−3.8000.1000.88*
After matching0.4130.41210.3300.741
Top1Before matching0.3440.3346.2000.005001.050
After matching0.3440.347−2−0.6600.507
ROEBefore matching0.04310.0450−1.1000.6211.25*
After matching0.04450.0508−3.400−1.1700.242
LossBefore matching0.1380.1273.2000.149 
After matching0.1360.137−0.300−0.09000.930
OCFBefore matching0.04930.04614.5000.04700.970
After matching0.04940.04792.2000.7400.462
LRBefore matching1.7062.015−1900.70*
After matching1.7091.746−2.300−0.8000.422
DualBefore matching0.1640.228−16.100 
After matching0.1640.1591.3000.4500.652
BMBefore matching1.6571.03144.4002.42*
After matching1.6451.685−2.800−0.7900.431
BoardBefore matching2.1492.1289.90001.030
After matching2.1492.153−1.700−0.5500.583

Source(s): Table by authors

[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close Modal
Close Modal

Gift article access

As a benefit of your subscription, you can share temporary access to restricted articles.

Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.

Please sign in to your personal account to gift article access.

Register

Gift article access

As a benefit of your subscription, you can share temporary access to restricted articles.

Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.

Gift articles remaining: --

Gift article access

Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.

Gift articles remaining: --

Gift article access

As a benefit of your subscription, you can share temporary access to restricted articles.

Each link will stop working after 30 days or 10 uses.

You have reached the limit of 10 links within a 30 day period.

Sharing Unavailable

Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.