Table 2

Descriptive statistics

VariableObsMeanStd.DevMinMax
ROA2700.01379150.1003723−0.63360.5439
EPS2701.9555317.649705−13.349975.9455
brd_size2706.9296911.89313412
board_meet2708.1051233.555005426
board_ind2700.26269070.06108430.20.4286
fem_dir2700.22089110.153916400.6667
firm_age27021.8901511.36362459
firm_size (in million)2704645.0814050.132424.780829299.41
ac_meeting2704.8559260.910411748
lev2700.46754220.24056080.07311.9191

Note(s): All values are presented as raw values, not natural logarithm

Source(s): Authors’ own work

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