Table 2 Descriptive statistics Variables...

Table 2

Descriptive statistics

Variables	N	Mean	Std Dev	Q1	Median	Q3
Total delay	25,933	0.219	0.084	0.163	0.215	0.267
Restate	25,933	0.169	0.375	0	0	0
Ln(Audit Fee)	25,933	13.26	1.459	12.23	13.33	14.29
Total delay Friday	25,933	0.225	0.106	0.154	0.218	0.287
Total delay Sunday	25,933	0.211	0.0862	0.153	0.204	0.259
Big4	25,933	0.694	0.461	0	1	1
ROA	25,933	−0.008	1.422	−0.0375	0.007	0.044
Loss	25,933	0.330	0.470	0	0	1
Ln(Size)	25,933	5.499	2.490	4.000	5.609	7.197
Leverage	25,933	0.184	0.254	0	0.0892	0.288
Book-to-market	25,933	0.342	1.596	0.175	0.385	0.698
Receivable	25,933	0.139	0.124	0.0474	0.114	0.194
Inventory	25,933	0.092	0.126	0	0.0383	0.141
Busy	25,933	0.726	0.446	0	1	1
Major exchange	25,933	0.790	0.408	1	1	1
Unqualified opinion	25,933	0.630	0.483	0	1	1
Auditor change	25,933	0.080	0.272	0	0	0
Restatement	25,933	0.076	0.265	0	0	0
Internal control weakness	25,933	0.192	0.388	0	0	0
Auditor tenure	25,933	5.071	4.002	2	4	7
Net tone in 10K	25,933	−0.009	0.005	−0.012	−0.009	−0.006
Debt	25,933	0.798	2.406	0.279	0.485	0.686
Wind speed	25,827	4.455	0.716	3.967	4.553	4.988
Cloud cover	25,827	4.781	0.720	4.388	4.885	5.273
Precipitation	25,827	1.812	1.114	0.960	1.688	2.511

Variables	N	Mean	Std Dev	Q1	Median	Q3
Total delay	25,933	0.219	0.084	0.163	0.215	0.267
Restate	25,933	0.169	0.375	0	0	0
Ln(Audit Fee)	25,933	13.26	1.459	12.23	13.33	14.29
Total delay Friday	25,933	0.225	0.106	0.154	0.218	0.287
Total delay Sunday	25,933	0.211	0.0862	0.153	0.204	0.259
Big4	25,933	0.694	0.461	0	1	1
ROA	25,933	−0.008	1.422	−0.0375	0.007	0.044
Loss	25,933	0.330	0.470	0	0	1
Ln(Size)	25,933	5.499	2.490	4.000	5.609	7.197
Leverage	25,933	0.184	0.254	0	0.0892	0.288
Book-to-market	25,933	0.342	1.596	0.175	0.385	0.698
Receivable	25,933	0.139	0.124	0.0474	0.114	0.194
Inventory	25,933	0.092	0.126	0	0.0383	0.141
Busy	25,933	0.726	0.446	0	1	1
Major exchange	25,933	0.790	0.408	1	1	1
Unqualified opinion	25,933	0.630	0.483	0	1	1
Auditor change	25,933	0.080	0.272	0	0	0
Restatement	25,933	0.076	0.265	0	0	0
Internal control weakness	25,933	0.192	0.388	0	0	0
Auditor tenure	25,933	5.071	4.002	2	4	7
Net tone in 10K	25,933	−0.009	0.005	−0.012	−0.009	−0.006
Debt	25,933	0.798	2.406	0.279	0.485	0.686
Wind speed	25,827	4.455	0.716	3.967	4.553	4.988
Cloud cover	25,827	4.781	0.720	4.388	4.885	5.273
Precipitation	25,827	1.812	1.114	0.960	1.688	2.511

Note(s): This table presents summary statistics for all variables in our sample. The sample period is 2000–2017. Detailed definitions for each variable are provided in Appendix. All continuous variables are winsorized at 1% and 99% level

Source(s): Table by authors

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