Table 4. Descriptive statistics No. of...

Table 4.

Descriptive statistics

	No. of FYO	Mean	Standard deviation	Minimum	Maximum
ROS	228	+5.27	+8.62	-31.58	+47.19
ROA	228	+5.93	+6.91	−17.28	+35.92
Industry- adjusted ROS	228	0.47	8.42	−34.81	43.16
Industry-adjusted ROA	228	0.86	6.68	−22.84	30.36
CC	228	4.46	1.30	0.00	6.92
MOT	228	4.65	1.22	0.00	6.75
OI	228	4.50	1.20	0.00	6.80
SPS	228	4.63	1.24	0.00	6.50
TA	228	1.80e + 09	3.61e + 09	1.56e + 05	2.17e + 10
stdTA	228	0.00	1.00	−0.49	5.58
L	228	0.12	0.32	0.00	1.00
NI	228	5.62e + 07	2.07e + 08	−1.26e + 09	1.03e + 09
NFRscore	228	0.00	0.97	−3.82	+1.63

	No. of FYO	Mean	Standard deviation	Minimum	Maximum
ROS	228	+5.27	+8.62	-31.58	+47.19
ROA	228	+5.93	+6.91	−17.28	+35.92
Industry- adjusted ROS	228	0.47	8.42	−34.81	43.16
Industry-adjusted ROA	228	0.86	6.68	−22.84	30.36
CC	228	4.46	1.30	0.00	6.92
MOT	228	4.65	1.22	0.00	6.75
OI	228	4.50	1.20	0.00	6.80
SPS	228	4.63	1.24	0.00	6.50
TA	228	1.80e + 09	3.61e + 09	1.56e + 05	2.17e + 10
stdTA	228	0.00	1.00	−0.49	5.58
L	228	0.12	0.32	0.00	1.00
NI	228	5.62e + 07	2.07e + 08	−1.26e + 09	1.03e + 09
NFRscore	228	0.00	0.97	−3.82	+1.63

Notes:

The table shows the number of firm-year observations (FYO), the mean, the median, the standard deviation and the minimum and the maximum values of variables used in this research to test the research hypothesis. Variable definitions: ROS is the return of sales (in %); ROA is the return of assets (in 5); CC is the cultural change index (theoretical range from 1 to 7); MOT is the motivational index (theoretical range from 1 to 7); OI is the organizational integration index (theoretical range from 1 to 7); SPS is the stakeholders’ perception score (theoretical range from 1 to 7); TA is the total assets (in Euros); L is the total revenues (in Euros); and NI is the net income (in Euros); stdTA is the standardization of the total assets

Source: Authors own creation

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