Descriptive statistics
| Variable | Mean | Std Dev | Min | Max | |
|---|---|---|---|---|---|
| ROA | Overall | 0.151 | 1.045 | −1.339 | 24.522 |
| Between | 0.549 | −0.114 | 4.276 | ||
| Within | 0.934 | −4.246 | 20.398 | ||
| EPS | Overall | 14.962 | 38.079 | −181.59 | 290.71 |
| Between | 23.489 | −34.172 | 125.213 | ||
| Within | 27.052 | −132.456 | 185.798 | ||
| CCC | Overall | 203.045 | 222.438 | −385.778 | 1663.098 |
| Between | 176.882 | −60.257 | 735.938 | ||
| Within | 143.039 | −266.909 | 1706.635 | ||
| ATO | Overall | 1.282 | 2.376 | −5.471 | 44.251 |
| Between | 1.143 | 0.197 | 5.724 | ||
| Within | 2.103 | −5.900 | 39.809 | ||
| LEV | Overll | 0.815 | 3.374 | −12.068 | 79.088 |
| Between | 0.7645 | 0.202 | 4.971 | ||
| Within | 3.257 | −16.224 | 74.932 |
| Variable | Mean | Std Dev | Min | Max | |
|---|---|---|---|---|---|
| Overall | 0.151 | 1.045 | −1.339 | 24.522 | |
| Between | 0.549 | −0.114 | 4.276 | ||
| Within | 0.934 | −4.246 | 20.398 | ||
| Overall | 14.962 | 38.079 | −181.59 | 290.71 | |
| Between | 23.489 | −34.172 | 125.213 | ||
| Within | 27.052 | −132.456 | 185.798 | ||
| Overall | 203.045 | 222.438 | −385.778 | 1663.098 | |
| Between | 176.882 | −60.257 | 735.938 | ||
| Within | 143.039 | −266.909 | 1706.635 | ||
| Overall | 1.282 | 2.376 | −5.471 | 44.251 | |
| Between | 1.143 | 0.197 | 5.724 | ||
| Within | 2.103 | −5.900 | 39.809 | ||
| Overll | 0.815 | 3.374 | −12.068 | 79.088 | |
| Between | 0.7645 | 0.202 | 4.971 | ||
| Within | 3.257 | −16.224 | 74.932 |
Note(s): Number of entities = 61 and number of observations = 671
Source(s): Authors' calculation
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