Before the Departure (n = 682) | After the Departure (n = 505) | Differences | ||||
Mean | Median | Mean | Median | Mean test | Median test | |
(tvalue) | (zvalue) | |||||
RET | 0.149 | 0.029 | 0.289 | 0.099 | 0.140*** | 0.070*** |
NI | 0.075 | 0.075 | 0.079 | 0.068 | 0.004 | −0.007 |
SFRIM | 0.018 | 0.000 | 0.05 | 0.000 | 0.032*** | 0.000*** |
SIZE | 15.124 | 14.878 | 15.176 | 14.975 | 0.052 | 0.097 |
LEV | 0.352 | 0.344 | 0.323 | 0.308 | −0.029*** | −0.036*** |
BETA | 0.805 | 0.821 | 0.869 | 0.888 | 0.064*** | 0.067*** |
GROWTH | 1.644 | 1.302 | 1.691 | 1.475 | 0.047 | 0.173*** |
AGE | 8.522 | 7.000 | 12.339 | 11.000 | 3.817*** | 4.000*** |
EP | 0.079 | 0.073 | 0.06 | 0.056 | −0.019*** | −0.017*** |