Descriptive statistics
| Variable | Obs | Mean | Std.Dev | Min | Max |
|---|---|---|---|---|---|
| ROA | 270 | 0.0137915 | 0.1003723 | −0.6336 | 0.5439 |
| EPS | 270 | 1.955531 | 7.649705 | −13.3499 | 75.9455 |
| brd_size | 270 | 6.929691 | 1.89313 | 4 | 12 |
| board_meet | 270 | 8.105123 | 3.555005 | 4 | 26 |
| board_ind | 270 | 0.2626907 | 0.0610843 | 0.2 | 0.4286 |
| fem_dir | 270 | 0.2208911 | 0.1539164 | 0 | 0.6667 |
| firm_age | 270 | 21.89015 | 11.36362 | 4 | 59 |
| firm_size (in million) | 270 | 4645.081 | 4050.132 | 424.7808 | 29299.41 |
| ac_meeting | 270 | 4.855926 | 0.9104117 | 4 | 8 |
| lev | 270 | 0.4675422 | 0.2405608 | 0.0731 | 1.9191 |
| Variable | Obs | Mean | Std.Dev | Min | Max |
|---|---|---|---|---|---|
| ROA | 270 | 0.0137915 | 0.1003723 | −0.6336 | 0.5439 |
| EPS | 270 | 1.955531 | 7.649705 | −13.3499 | 75.9455 |
| brd_size | 270 | 6.929691 | 1.89313 | 4 | 12 |
| board_meet | 270 | 8.105123 | 3.555005 | 4 | 26 |
| board_ind | 270 | 0.2626907 | 0.0610843 | 0.2 | 0.4286 |
| fem_dir | 270 | 0.2208911 | 0.1539164 | 0 | 0.6667 |
| firm_age | 270 | 21.89015 | 11.36362 | 4 | 59 |
| firm_size (in million) | 270 | 4645.081 | 4050.132 | 424.7808 | 29299.41 |
| ac_meeting | 270 | 4.855926 | 0.9104117 | 4 | 8 |
| lev | 270 | 0.4675422 | 0.2405608 | 0.0731 | 1.9191 |
Note(s): All values are presented as raw values, not natural logarithm
Source(s): Authors’ own work
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