Table 2

Descriptive statistics

VariableOBSMeanSTD. DEV.CVMINMAX
Panel-A
DEBT7,00011,64054,1134.6501,612,307
ASST7,00014,30163,1334.4131,6532,119,737
EBITDA7,0001,1983,1982.67−13,01088,502
INNOV7,00018.41588.5905,230
TANG7,0003,49410,0522.880172,873
INTANG7,0004962,7085.46092,386
Panel-B
LEV6,9910.7607.6710.090159
EBITDA_A6,9910.0814.6457.28−34744
TANG_A6,9910.2205.3824.450100
INTANG_A6,9910.0651.6325.08098
INNOV_A6,9910.0020.018.0000.42

Note(s): For Panel A: Means, standard deviations, minimums and maximums are reported in thousands of euros. CV = coefficient of variation

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