Table 4

Descriptive statistics

VariableObsMeanSDMin.Max.
Eco-innovation index1,4341.3881.63405
Board gender diversity1,43421.02913.335071.430
Board meeting attendance1,43489.00711.3494100
Board size1,43411.0823.388338
Board-specific skills1,43451.60021.2270100
CEO chairman separation1,4340.3530.47801
CSR sustainability committee1,4340.5430.49801
Environment management team1,4340.3610.48001
Independent board members1,43468.74621.3680100
Sustainability compensation incentives1,4340.2190.41401
Size1,4342.2532.4447.52410.016
ROA1,4342.0283.817−43.58056.940
Leverage1,4346.3927.698098.844
Loss ratio1,434124.562514.4601.71013,793.780
Note(s):

This table shows the summary statistics of the variables included in equations (1) in the period 2011–2022. Variable definitions are provided in Table 3 

Source(s): Authors’ own creation

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