Table 3 Mean differences . . Hedgers .... | Emerald Publishing

Table 3

Mean differences

		Hedgers	Non-hedgers	Difference	t-statistics
WACC	Mean	10.38	8.95	1.43	15.680
WACC	Std.dev	1.77	2.34
$K_{E}$	Mean	10.88	9.45	1.42	15.059
$K_{E}$	Std.dev	1.89	2.39
$K_{D}$	Mean	7.87	6.76	1.11	10.834
$K_{D}$	Std.dev	1.79	2.60
Stability	Mean	0.29	0.25	0.07	−0.484
Stability	Std.dev	0.56	2.12

		Hedgers	Non-hedgers	Difference	t-statistics
WACC	Mean	10.38	8.95	1.43	15.680
WACC	Std.dev	1.77	2.34
$K_{E}$	Mean	10.88	9.45	1.42	15.059
$K_{E}$	Std.dev	1.89	2.39
$K_{D}$	Mean	7.87	6.76	1.11	10.834
$K_{D}$	Std.dev	1.79	2.60
Stability	Mean	0.29	0.25	0.07	−0.484
Stability	Std.dev	0.56	2.12

Source(s): Author’s compilation from raw data