Table 1 Descriptive statistics of...

Table 1

Descriptive statistics of regression variables

Variable	N	Mean	S.D.	Min	Max
CASH1	6,826	0.0958	0.1046	0.0010	0.5221
CASH2	6,826	0.0937	0.1068	0.0009	0.6105
SO	6,826	0.2405	0.2561	0.0000	0.9000
FO	6,826	0.0904	0.1301	0.0000	0.4900
SIZE	6,826	27.2766	1.5607	23.6791	31.5847
GROWTH	6,826	0.7608	0.5450	−0.0046	3.2518
PROFIT	6,826	0.1066	0.0882	−0.0934	0.4152
TDA	6,826	0.2198	0.1849	0.0000	0.6909

Variable	N	Mean	S.D.	Min	Max
CASH1	6,826	0.0958	0.1046	0.0010	0.5221
CASH2	6,826	0.0937	0.1068	0.0009	0.6105
SO	6,826	0.2405	0.2561	0.0000	0.9000
FO	6,826	0.0904	0.1301	0.0000	0.4900
SIZE	6,826	27.2766	1.5607	23.6791	31.5847
GROWTH	6,826	0.7608	0.5450	−0.0046	3.2518
PROFIT	6,826	0.1066	0.0882	−0.0934	0.4152
TDA	6,826	0.2198	0.1849	0.0000	0.6909

Note(s): This table presents the descriptive statistics for the variables employed in the analysis. See Appendix 1 for complete definitions of all variables

Source(s): Authors' own calculation

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