Table 2.

Descriptive statistics

Variable(s)NMeanSDp25p50p75MinMax
Panel A: Full sample
CSR_policy2,4430.76500.16020.70.80.90.31
Framework2,4430.0.65550.34100.33330.6667101
Foreign_sales2,44352.586034.469718.9859.2184.56098.71
Lev2,4430.18280.13020.07990.16870.269300.5359
Profit2,4430.04620.05280.01240.03880.0715−0.10480.2311
Size2,4438.0701.54446.94327.95269.17954.817511.5503
Mtb2,4432.68762.84150.96151.79113.43810.094517.6909
Analysts2,4432.64310.65032.30262.77263.135503.5553
AC_independence2,44394.406911.094410010010050100
SH_right2,4430.94150.234811101
CSR_committee2,4430.78060.413911101
Awards2,4430.48260.499800101
Diversity2,44326.578816.895014.286025.000033.3330089.4700
Institution2,4431.32140.32861.15321.41381.51250.28611.7738
GDP2,44310.60190.294010.565710.664310.75359.439711.0351
Civil2,4430.72780.445201101
Panel B: Sample distribution by year
YearN%CSR_policyFramework
201542117.230.72780.6524
201643317.720.74060.6520
201744318.130.76500.6675
201856423.090.77500.6460
201958223.820.80020.6604
Total2,443100  
Panel C: Sample distribution by country
CountryN%CSR_policyFramework
Austria522.130.79230.8013
Belgium622.540.80000.7043
Denmark652.660.66920.5590
Finland773.150.81820.8355
France26510.850.82080.7145
Germany2399.780.81800.7866
Greece351.430.77710.7810
Hungary90.370.83330.7407
Ireland291.190.71030.4598
Italy1134.630.74250.6578
The Netherlands1104.500.73640.6848
Poland682.780.63970.6225
Portugal321.310.80310.8542
Spain1064.340.86320.8962
Sweden1907.780.74110.8193
The UK99140.560.74350.5254
Total2,443100  
Panel D: Sample distribution by industry
IndustryN%CSR_policyFramework
Agriculture, forestry and fishing40.160.90000.5833
Construction1626.630.75990.6502
Financial industries38115.600.67870.5897
Manufacturing102942.120.81510.7331
Mining451.840.76000.6667
Other261.060.81150.7821
Retail trade1405.730.71790.3524
Services24810.150.72620.5484
Transportation and communications service33313.630.76310.7247
Wholesale trade753.070.73070.5022
Total2,443100  

Note(s): All variable definitions are in  Appendix

Source(s): Table by author(s)

or Create an Account

Close Modal
Close Modal