Table 4 Descriptive statistics Variable... | Emerald Publishing

Table 4

Descriptive statistics

Variable	Obs	Mean	Std. Dev	Min	Max
Size	232	12.23	0.63	10.98	13.65
Profitability	232	−2.32	26.55	−73.15	89.07
Capitalization	232	0.24	0.32	−0.43	0.96
Round-of-16	247	0.18	0.39	0	1
Quarter-final	247	0.08	0.27	0	1
Semifinal	247	0.02	0.14	0	1
Final	247	0.01	0.11	0	1
Favorite	247	0.25	0.43	0	1
Difference	247	0.09	0.29	0	1

Variable	Obs	Mean	Std. Dev	Min	Max
Size	232	12.23	0.63	10.98	13.65
Profitability	232	−2.32	26.55	−73.15	89.07
Capitalization	232	0.24	0.32	−0.43	0.96
Round-of-16	247	0.18	0.39	0	1
Quarter-final	247	0.08	0.27	0	1
Semifinal	247	0.02	0.14	0	1
Final	247	0.01	0.11	0	1
Favorite	247	0.25	0.43	0	1
Difference	247	0.09	0.29	0	1

Note(s): The table reports the descriptive statistics of firm- and match-specific variables