Descriptive statistics of the variables. Panel data for the period 2015–2021
| Min | Max | Mean | Median | Std. dev. | |
|---|---|---|---|---|---|
| Dependent variables | |||||
| ESG_perf | 14.9124 | 62.7231 | 45.9975 | 48.2548 | 11.3937 |
| ENV_perf | 2.6856 | 59.8342 | 36.5960 | 40.1619 | 15.1386 |
| SOC_perf | 3.3387 | 76.4042 | 48.1256 | 50.3476 | 16.6264 |
| GOV_perf | 28.645 | 71.4438 | 52.8562 | 50.1467 | 8.0112 |
| Independent variables | |||||
| %B_GEq | 0 | 0.5330 | 0.2742 | 0.3024 | 0.3277 |
| nB_GEq | 0 | 10 | 3.2230 | 3.3548 | 0.9246 |
| massB_GEq | 0 | 1 | 0.3165 | 0.3796 | 0.3058 |
| Control variables | |||||
| Board size (B_size) | 7 | 23 | 14.7502 | 14.1643 | 4.7672 |
| Board independence (B_ind) | 0.0 | 81.2 | 50.92 | 51.04 | 10.98 |
| CSR/sustainability committee (CSR_com) | 0 | 1 | 0.5942 | 0.5889 | 0.4928 |
| SIZE | 8.8632 | 11.4307 | 9.8264 | 9.8026 | 0.7544 |
| ROE | −6.8730 | 0.3565 | 0.0094 | 0.0679 | 0.5771 |
| LEV | 0.0154 | 0.2167 | 0.0768 | 0.0853 | 0.0324 |
| Governance model (Gov_mod) | 0 | 1 | 0.5722 | 0.5482 | 0.5673 |
| Min | Max | Mean | Median | Std. dev. | |
|---|---|---|---|---|---|
| ESG_perf | 14.9124 | 62.7231 | 45.9975 | 48.2548 | 11.3937 |
| ENV_perf | 2.6856 | 59.8342 | 36.5960 | 40.1619 | 15.1386 |
| SOC_perf | 3.3387 | 76.4042 | 48.1256 | 50.3476 | 16.6264 |
| GOV_perf | 28.645 | 71.4438 | 52.8562 | 50.1467 | 8.0112 |
| %B_GEq | 0 | 0.5330 | 0.2742 | 0.3024 | 0.3277 |
| nB_GEq | 0 | 10 | 3.2230 | 3.3548 | 0.9246 |
| massB_GEq | 0 | 1 | 0.3165 | 0.3796 | 0.3058 |
| Board size (B_size) | 7 | 23 | 14.7502 | 14.1643 | 4.7672 |
| Board independence (B_ind) | 0.0 | 81.2 | 50.92 | 51.04 | 10.98 |
| CSR/sustainability committee (CSR_com) | 0 | 1 | 0.5942 | 0.5889 | 0.4928 |
| SIZE | 8.8632 | 11.4307 | 9.8264 | 9.8026 | 0.7544 |
| ROE | −6.8730 | 0.3565 | 0.0094 | 0.0679 | 0.5771 |
| LEV | 0.0154 | 0.2167 | 0.0768 | 0.0853 | 0.0324 |
| Governance model (Gov_mod) | 0 | 1 | 0.5722 | 0.5482 | 0.5673 |
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