Descriptive statistics
| Variable | Obs | Mean | SD | Min. | Max. |
|---|---|---|---|---|---|
| Eco-innovation index | 1,434 | 1.388 | 1.634 | 0 | 5 |
| Board gender diversity | 1,434 | 21.029 | 13.335 | 0 | 71.430 |
| Board meeting attendance | 1,434 | 89.007 | 11.349 | 4 | 100 |
| Board size | 1,434 | 11.082 | 3.388 | 3 | 38 |
| Board-specific skills | 1,434 | 51.600 | 21.227 | 0 | 100 |
| CEO chairman separation | 1,434 | 0.353 | 0.478 | 0 | 1 |
| CSR sustainability committee | 1,434 | 0.543 | 0.498 | 0 | 1 |
| Environment management team | 1,434 | 0.361 | 0.480 | 0 | 1 |
| Independent board members | 1,434 | 68.746 | 21.368 | 0 | 100 |
| Sustainability compensation incentives | 1,434 | 0.219 | 0.414 | 0 | 1 |
| Size | 1,434 | 2.253 | 2.444 | 7.524 | 10.016 |
| ROA | 1,434 | 2.028 | 3.817 | −43.580 | 56.940 |
| Leverage | 1,434 | 6.392 | 7.698 | 0 | 98.844 |
| Loss ratio | 1,434 | 124.562 | 514.460 | 1.710 | 13,793.780 |
| Variable | Obs | Mean | Min. | Max. | |
|---|---|---|---|---|---|
| Eco-innovation index | 1,434 | 1.388 | 1.634 | 0 | 5 |
| Board gender diversity | 1,434 | 21.029 | 13.335 | 0 | 71.430 |
| Board meeting attendance | 1,434 | 89.007 | 11.349 | 4 | 100 |
| Board size | 1,434 | 11.082 | 3.388 | 3 | 38 |
| Board-specific skills | 1,434 | 51.600 | 21.227 | 0 | 100 |
| 1,434 | 0.353 | 0.478 | 0 | 1 | |
| 1,434 | 0.543 | 0.498 | 0 | 1 | |
| Environment management team | 1,434 | 0.361 | 0.480 | 0 | 1 |
| Independent board members | 1,434 | 68.746 | 21.368 | 0 | 100 |
| Sustainability compensation incentives | 1,434 | 0.219 | 0.414 | 0 | 1 |
| Size | 1,434 | 2.253 | 2.444 | 7.524 | 10.016 |
| 1,434 | 2.028 | 3.817 | −43.580 | 56.940 | |
| Leverage | 1,434 | 6.392 | 7.698 | 0 | 98.844 |
| Loss ratio | 1,434 | 124.562 | 514.460 | 1.710 | 13,793.780 |
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
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