Variable | Obs | Mean | Std. Dev. | Min | Max |
Total investment | 1863 | 0.126 | 0.148 | 0 | 0.731 |
Payout reduction | 1863 | −0.001 | 0.015 | −0.077 | 0.062 |
Growth opportunities | 1863 | 0.109 | 0.588 | −0.987 | 5.655 |
Leverage | 1863 | 0.447 | 0.243 | 0 | 0.939 |
Cash Flow | 1863 | 0.077 | 0.116 | −1.038 | 0.488 |
Capital expenditures | 1863 | 0.113 | 0.138 | 0 | 0.612 |