Table 3 Descriptive statistics Variables... | Emerald Publishing

Table 3

Descriptive statistics

Variables	Obs.	Mean	Std. dev.	Min	Max
arl	240	116.64	17.49	42.00	215.00
acsize	240	3.12	0.36	3.00	5.00
acind	240	0.44	0.15	0.20	0.75
acgd	240	0.11	0.18	0.00	0.67
acd	240	4.16	0.57	4.00	6.00
ace	240	0.11	0.17	0.00	0.75
big4	240	0.04	0.19	0.00	1.00
art	240	0.89	0.31	0.00	1.00
fsize (in millions)	240	13,632	25,011	10	140,013
lev	240	0.45	0.28	−1.01	0.99
roa	240	0.06	0.07	−0.14	0.28

Variables	Obs.	Mean	Std. dev.	Min	Max
arl	240	116.64	17.49	42.00	215.00
acsize	240	3.12	0.36	3.00	5.00
acind	240	0.44	0.15	0.20	0.75
acgd	240	0.11	0.18	0.00	0.67
acd	240	4.16	0.57	4.00	6.00
ace	240	0.11	0.17	0.00	0.75
big4	240	0.04	0.19	0.00	1.00
art	240	0.89	0.31	0.00	1.00
fsize (in millions)	240	13,632	25,011	10	140,013
lev	240	0.45	0.28	−1.01	0.99
roa	240	0.06	0.07	−0.14	0.28

Note(s): For definition of variables, refer to Table 2

Source(s): Authors’ own creation