Descriptive statistic
| Variable | Mean | Median | Maximum | Minimum | Std. dev. | Observations |
|---|---|---|---|---|---|---|
| Panel A: ESG Score | ||||||
| ESG | 51.954 | 52.938 | 87.17 | 10.595 | 19.696 | 205 |
| Panel B: Ownership Structure | ||||||
| FOWN | 13.96 | 0 | 85 | 0 | 24.493 | 205 |
| BLOWN | 55.134 | 59.01 | 92.5 | 10.18 | 19.017 | 205 |
| GOWN | 14.607 | 0 | 84 | 0 | 26.061 | 205 |
| INSOWN | 53.396 | 59.67 | 92.5 | 0 | 26.634 | 205 |
| Panel C: Firm Characteristics | ||||||
| SIZE | 187.000a | 50.800a | 1990.000a | 4.830a | 370.000a | 205 |
| AGE | 51.439 | 44 | 163 | 14 | 28.884 | 205 |
| Panel D: Financial Performance Indicators | ||||||
| ROA | 7.271 | 5.289 | 44.676 | −18.581 | 8.62 | 205 |
| LEV | 22.599 | 20.272 | 79.622 | 0 | 18.364 | 205 |
| Variable | Mean | Median | Maximum | Minimum | Std. dev. | Observations |
|---|---|---|---|---|---|---|
| ESG | 51.954 | 52.938 | 87.17 | 10.595 | 19.696 | 205 |
| FOWN | 13.96 | 0 | 85 | 0 | 24.493 | 205 |
| BLOWN | 55.134 | 59.01 | 92.5 | 10.18 | 19.017 | 205 |
| GOWN | 14.607 | 0 | 84 | 0 | 26.061 | 205 |
| INSOWN | 53.396 | 59.67 | 92.5 | 0 | 26.634 | 205 |
| SIZE | 187.000 | 50.800 | 1990.000 | 4.830 | 370.000 | 205 |
| AGE | 51.439 | 44 | 163 | 14 | 28.884 | 205 |
| ROA | 7.271 | 5.289 | 44.676 | −18.581 | 8.62 | 205 |
| LEV | 22.599 | 20.272 | 79.622 | 0 | 18.364 | 205 |
Note(s):aValues for FZ are in trillions
Variable definitions: ESG: ESG Score; FOWN: Foreign Ownership; BLOWN: Blockholder Ownership; GOWN: Government Ownership; INSOWN: Institutional Ownership; FZ: Firm Size; AGE: Firm Age; ROA: Return on Assets; LEV: Leverage
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