Table 1

Descriptive statistics

VariableMeanStd DevMinMax
ROAOverall0.1511.045−1.33924.522
 Between 0.549−0.1144.276
 Within 0.934−4.24620.398
EPSOverall14.96238.079−181.59290.71
 Between 23.489−34.172125.213
 Within 27.052−132.456185.798
CCCOverall203.045222.438−385.7781663.098
 Between 176.882−60.257735.938
 Within 143.039−266.9091706.635
ATOOverall1.2822.376−5.47144.251
 Between 1.1430.1975.724
 Within 2.103−5.90039.809
LEVOverll0.8153.374−12.06879.088
 Between 0.76450.2024.971
 Within 3.257−16.22474.932

Note(s): Number of entities = 61 and number of observations = 671

Source(s): Authors' calculation

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