Descriptive statistics of the sample
| Variable | Obs | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|---|
| ROA | 379 | 0.061 | 0.071 | −0.099 | 0.352 |
| M/B | 379 | 0.770 | 0.609 | 0.006 | 3.434 |
| Structural power | 379 | 0.879 | 0.327 | 0.000 | 1.000 |
| Expert power | 379 | 0.211 | 0.225 | 0.000 | 1.000 |
| Prestige power | 379 | 0.090 | 0.458 | −0.857 | 1.000 |
| Ownership power | 379 | 0.212 | 0.353 | 0.000 | 1.000 |
| Financial leverage | 379 | 1.090 | 1.396 | 0.017 | 9.767 |
| Log of firm size | 379 | 14.970 | 1.682 | 6.855 | 18.894 |
| Tangibility | 379 | 0.715 | 0.148 | 0.173 | 0.999 |
| Board size | 379 | 10.340 | 2.261 | 5.000 | 19.000 |
| Log of firm age | 379 | 3.179 | 0.885 | 1.609 | 7.610 |
| State ownership | 379 | 0.599 | – | 0.000 | 1.000 |
| Oligarch ownership | 379 | 0.219 | – | 0.000 | 1.000 |
| Extractive industry | 379 | 0.400 | – | 0.000 | 1.000 |
| Variable | Obs | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|---|
| ROA | 379 | 0.061 | 0.071 | −0.099 | 0.352 |
| M/B | 379 | 0.770 | 0.609 | 0.006 | 3.434 |
| Structural power | 379 | 0.879 | 0.327 | 0.000 | 1.000 |
| Expert power | 379 | 0.211 | 0.225 | 0.000 | 1.000 |
| Prestige power | 379 | 0.090 | 0.458 | −0.857 | 1.000 |
| Ownership power | 379 | 0.212 | 0.353 | 0.000 | 1.000 |
| Financial leverage | 379 | 1.090 | 1.396 | 0.017 | 9.767 |
| Log of firm size | 379 | 14.970 | 1.682 | 6.855 | 18.894 |
| Tangibility | 379 | 0.715 | 0.148 | 0.173 | 0.999 |
| Board size | 379 | 10.340 | 2.261 | 5.000 | 19.000 |
| Log of firm age | 379 | 3.179 | 0.885 | 1.609 | 7.610 |
| State ownership | 379 | 0.599 | – | 0.000 | 1.000 |
| Oligarch ownership | 379 | 0.219 | – | 0.000 | 1.000 |
| Extractive industry | 379 | 0.400 | – | 0.000 | 1.000 |
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