| Variable | Obs | Mean | Std. Dev. | Min | Max |
| Volatility | 5134 | 1.22 | 21.25 | - | 584.32 |
| Dummy small sized | 5134 | 0.47 | 0.50 | - | 1.00 |
| Leverage | 5134 | 0.55 | 0.23 | - | 1.00 |
| Log_tam | 5134 | 5.65 | 1.00 | 1.35 | 8.52 |
| Log_pl | 5134 | 5.18 | 1.03 | 1.41 | 8.27 |
| Sales growth | 5134 | 1.12 | 26.18 | 1.00 | 1292.46 |
| Market to book | 5134 | 0.67 | 2.76 | - | 146.21 |
| Change assets | 5134 | 0.03 | 0.22 | 3.65 | 3.41 |
| Tang | 5134 | 0.36 | 0.27 | - | 0.99 |
| Roa | 5134 | 0.06 | 15.58 | 670.09 | 891.65 |
| Roe | 5134 | 0.01 | 15.49 | 747.68 | 600.13 |
| Dividends | 5134 | 0.42 | 17.41 | 1007.60 | 643.80 |
| Capex | 5134 | 158871.60 | 187,971,800 | 47.600.000.000 | 5.910.000.000 |
| Industry | 5134 | 0.35 | 0.48 | - | 1.00 |
| Commerce | 5134 | 0.18 | 0.38 | - | 1.00 |
| Service | 5134 | 0.47 | 0.50 | - | 1.00 |