Table 3 Descriptive statistics (n:415)... | Emerald Publishing

Table 3

Descriptive statistics (n:415)

Data	Mean	Median	St. Dev	Min	Max
Panel A: Cumulative abnormal returns (CAR)
IFRS CAR (−20,−1) (%)	−1.97	−1.78	10.64	−61.14	55.12
TPC CAR (−20,−1) (%)	−0.21	−1.26	11.15	−39.59	75.53
IFRS CAR (0,20) (%)	−0.90	−0.46	12.58	−61.89	74.84
TPC CAR (0,20) (%)	−2.17	−1.97	12.70	−47.70	76.86
Panel B: Model variables
Total Assets (billion TRY)	29.69	6.88	76.26	0.06	819.76
Total Debt (billion TRY)	8.11	1.77	22.44	0.00	262.37
Total PPE (billion TRY)	12.21	2.33	43.86	0.00	605.15
Total Intangibles (billion TRY)	1.38	0.09	6.81	0.00	112.37
Market Cap (billion TRY)	9.45	3.79	18.04	0.12	198.84
ROA (%)	7.60	5.63	10.60	−22.44	65.83
Tobin’s Q	1.05	0.54	1.88	0.03	22.56
IFRS-TPC time lag (days)	19.59	17.00	13.36	1.00	104.00

Data	Mean	Median	St. Dev	Min	Max
Panel A: Cumulative abnormal returns (CAR)
IFRS CAR (−20,−1) (%)	−1.97	−1.78	10.64	−61.14	55.12
TPC CAR (−20,−1) (%)	−0.21	−1.26	11.15	−39.59	75.53
IFRS CAR (0,20) (%)	−0.90	−0.46	12.58	−61.89	74.84
TPC CAR (0,20) (%)	−2.17	−1.97	12.70	−47.70	76.86
Panel B: Model variables
Total Assets (billion TRY)	29.69	6.88	76.26	0.06	819.76
Total Debt (billion TRY)	8.11	1.77	22.44	0.00	262.37
Total PPE (billion TRY)	12.21	2.33	43.86	0.00	605.15
Total Intangibles (billion TRY)	1.38	0.09	6.81	0.00	112.37
Market Cap (billion TRY)	9.45	3.79	18.04	0.12	198.84
ROA (%)	7.60	5.63	10.60	−22.44	65.83
Tobin’s Q	1.05	0.54	1.88	0.03	22.56
IFRS-TPC time lag (days)	19.59	17.00	13.36	1.00	104.00

Note(s): This table presents descriptive statistics of the data used in the study

Source(s): Authors’ own work