Table 2 Descriptive statistics and... | Emerald Publishing

Table 2

Descriptive statistics and correlation matrix

Variables	Mean	Median	Standard deviation	Min	Max
Panel A: descriptive statistics
NCSKEW_T+1	−0.68	−0.63	0.68	−1.83	2.43
DUVOL _T+1	0.28	0.19	0.11	−0.29	0.54
C_COMP	7,87,54,812	4,96,34,110	6,32,07,338	0	1,89,93,12,654
C_DUAL	0.40	1	0.51	0	1
C_STATUS	0.66	1	0.35	0	1
C_TENURE	12.39	6.5	14.13	0.05	57.80
C_DIRECTOR	0.91	1	0.27	0	1
INSIDER_TRADES	0.29	0	0.46	0	1
LEV	0.21	0.19	0.31	0	1.28
SIZE	24.76	24.48	1.03	20.06	28.40
RET	0.05	0.02	0.03	−0.08	0.05
M/B	5.45	4.05	8.91	−186.02	284.05
DTURNOVER	−1.86	0.91	51.06	−803.59	1097.25

Variables	Mean	Median	Standard deviation	Min	Max
Panel A: descriptive statistics
NCSKEW_T+1	−0.68	−0.63	0.68	−1.83	2.43
DUVOL _T+1	0.28	0.19	0.11	−0.29	0.54
C_COMP	7,87,54,812	4,96,34,110	6,32,07,338	0	1,89,93,12,654
C_DUAL	0.40	1	0.51	0	1
C_STATUS	0.66	1	0.35	0	1
C_TENURE	12.39	6.5	14.13	0.05	57.80
C_DIRECTOR	0.91	1	0.27	0	1
INSIDER_TRADES	0.29	0	0.46	0	1
LEV	0.21	0.19	0.31	0	1.28
SIZE	24.76	24.48	1.03	20.06	28.40
RET	0.05	0.02	0.03	−0.08	0.05
M/B	5.45	4.05	8.91	−186.02	284.05
DTURNOVER	−1.86	0.91	51.06	−803.59	1097.25

Variables	1	2	3	4	5	6	7	8	9	10	11	12	13
Panel B: correlation statistics
NCSKEW_T+1	1
DUVOL_T+1	0.742**	1
C_COMP	−0.127*	−0.015**	1
C_DUAL	−0.061*	−0.0246**	0.261***	1
C_STATUS	−0.234**	−0.372*	0.0882	0.445**	1
C_TENURE	0.389*	0.087*	0.277	0.233**	0.461**	1
C_DIRECTOR	−0.0945*	−0.112*	0.0798*	0.0156*	0.223**	0.065**	1
INSIDER_TRADES	0.329*	0.517**	0.162	0.263*	0.182**	0.113	0.371*	1
LEV	0.206**	0.443	0.0822	0.263**	0.087**	0.018	−0.045	0.477*	1
SIZE	0.144	0.066**	0.562**	−0.0677	−0.457**	−0.142**	0.022	−0.104*	−0.212**	1
RET	0.221**	0.183**	−0.116**	0.051*	0.178**	0.058*	0.086**	0.265	−0.098	−0.234**	1
M/B	−0.018*	0.249	0.012	0.076	−0.033**	−0.071	−0.029*	0.172*	−0.109**	0.172**	0.761	1
DTURNOVER	−0.213	0.056	−0.0577	−0.122	0.075*	0.05	0.056**	0.016	−0.081	−0.098	0.165**	0.047	1

Variables	1	2	3	4	5	6	7	8	9	10	11	12	13
Panel B: correlation statistics
NCSKEW_T+1	1
DUVOL_T+1	0.742**	1
C_COMP	−0.127*	−0.015**	1
C_DUAL	−0.061*	−0.0246**	0.261***	1
C_STATUS	−0.234**	−0.372*	0.0882	0.445**	1
C_TENURE	0.389*	0.087*	0.277	0.233**	0.461**	1
C_DIRECTOR	−0.0945*	−0.112*	0.0798*	0.0156*	0.223**	0.065**	1
INSIDER_TRADES	0.329*	0.517**	0.162	0.263*	0.182**	0.113	0.371*	1
LEV	0.206**	0.443	0.0822	0.263**	0.087**	0.018	−0.045	0.477*	1
SIZE	0.144	0.066**	0.562**	−0.0677	−0.457**	−0.142**	0.022	−0.104*	−0.212**	1
RET	0.221**	0.183**	−0.116**	0.051*	0.178**	0.058*	0.086**	0.265	−0.098	−0.234**	1
M/B	−0.018*	0.249	0.012	0.076	−0.033**	−0.071	−0.029*	0.172*	−0.109**	0.172**	0.761	1
DTURNOVER	−0.213	0.056	−0.0577	−0.122	0.075*	0.05	0.056**	0.016	−0.081	−0.098	0.165**	0.047	1

Note(s): ***,**,* indicates the significance of the coefficient estimate at 1, 5 and 10% levels, respectively

Source(s): Author’s calculations based on Stata 14 and IBM SPSS 25