Table 2.

Descriptive statistics

VariablesNmeanmedianSDmin.max.
Dependent variables
Tobin’s Q764691.55401.33661.73530.61269.9591
Idiosyncratic risk (IR)780590.21430.17600.13990.04700.8402
Total risk (TR)787380.40280.34590.21250.13531.3292
Independent variables
ESG score787380.42570.40750.20440.00400.9572
ESG controversy score787050.07710.00000.21010.00000.9950
Control variables
ROA787380.02530.03420.1231−0.73320.2989
Age7873825.073225.000616.19002.0000134.0000
Size (million US dollars)787384,229.54,069.06.311736.3583,060
Leverage787380.57330.57170.23790.05131.2360
Capex787380.04260.02900.04680.00020.2568
Asset growth787380.12120.06300.3152−0.42192.1725
GDP growth787380.02060.02240.0317−0.08650.0913
Note(s):

For a detailed definition of the variables, see Table 1 

Source(s): Authors’ own work

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