Variables

Descriptive statistics of the main variables

Mean

Median

5th Pctl.

95th Pctl.

Std dev

N

Accounting Earnings (NI)

0.0622

0.135

−0.535

0.697

31.227

87,721

Return (R)

1.4413

1.0526

0.544

2.199

2.248

89,646

Number of Analysts (NA)

1.899

0

0

11

4.567

170,784

NAbis

5.721

3

1

19

6.4

56,693

Size

11.692

11.607

8.628

15.168

1.965

94,048

Market-to-Book (M/B)

2.589

1.317

0.1604

6.643

4.167

94,576

Sales Growth (SG)

0.375

0.074

−0.307

0.948

10.791

93,173

Corruption (CO)

62.031

67

26

92

24.024

168,583

Press Freedom (PF)

33.019

23

10

81

22.542

161,172

Political Rights (PR)

2.25

1

1

7

1.974

161,172

Gross Domestic Product (GDP)

1890.82

21,691

558

37867

1371.4

162,756