Table 2 Summary statistics Variable...

Table 2

Summary statistics

Variable	Observations	Mean	SD	Minimum	Maximum
ROA	2,314	0.03	0.11	−1.63	0.53
CGCI_UW	2,314	4.66	0.21	2.26	9.33
DTA	2,314	0.58	0.19	0.19	1.15
FIRM_AGE	2,314	3.46	0.58	0	5.06
FIRM_SIZE	2,314	8.22	1.30	5.38	11.02
FAR	2,314	0.54	0.23	−0.36	4.24
SALES_GROW	2,314	1.86	1.72	−1.97	6.26
MARK_CAP	2,314	2.82	0.10	2.46	3.10
PPE	2,314	3.07	0.08	2.34	3.25

Variable	Observations	Mean	SD	Minimum	Maximum
ROA	2,314	0.03	0.11	−1.63	0.53
CGCI_UW	2,314	4.66	0.21	2.26	9.33
DTA	2,314	0.58	0.19	0.19	1.15
FIRM_AGE	2,314	3.46	0.58	0	5.06
FIRM_SIZE	2,314	8.22	1.30	5.38	11.02
FAR	2,314	0.54	0.23	−0.36	4.24
SALES_GROW	2,314	1.86	1.72	−1.97	6.26
MARK_CAP	2,314	2.82	0.10	2.46	3.10
PPE	2,314	3.07	0.08	2.34	3.25

Notes:

Table 2 presents descriptive statistics for all variables used in this study; main sample consists of 2,314 firm-year observations for the sample period 2008–2018 definitions of variables are provided in Table 1

Source: Authors’ own work

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