Table 3 Descriptive statistics of... | Emerald Publishing

Table 3

Descriptive statistics of explanatory variable

Variables	Obs	Mean	Standard deviation	Variation Coef.
BOND10	236,995	4.643	3.401	0.732
BOND5	247,224	4.290	3.777	0.880
SPREAD	160,314	2.644	3.471	1.312
SPREAD (t−1)
SPREAD (t−2)
TAX	357,607	43.734	16.168	0.370
GDP	357,607	2.780	1.783	0.641
INFL	349,575	3.180	2.395	0.753
PROP	364,501	5.062	0.887	0.175
AUDIT	364,501	5.254	0.660	0.126
INVEST	364,501	6.108	1.328	0.217
REG	364,501	4.906	0.678	0.138
LEGAL	364,501	5.948	2.122	0.357

Variables	Obs	Mean	Standard deviation	Variation Coef.
BOND10	236,995	4.643	3.401	0.732
BOND5	247,224	4.290	3.777	0.880
SPREAD	160,314	2.644	3.471	1.312
SPREAD (t−1)
SPREAD (t−2)
TAX	357,607	43.734	16.168	0.370
GDP	357,607	2.780	1.783	0.641
INFL	349,575	3.180	2.395	0.753
PROP	364,501	5.062	0.887	0.175
AUDIT	364,501	5.254	0.660	0.126
INVEST	364,501	6.108	1.328	0.217
REG	364,501	4.906	0.678	0.138
LEGAL	364,501	5.948	2.122	0.357

Source(s): Research data