Variables

The overall sample

Samples with CEO turnover

Samples without CEO turnover

Sample number

Mean

Standard deviation

Sample number

Mean

Standard deviation

Sample number

Mean

Standard deviation

IVOL

8361

0.545

0.138

1,022

0.557

0.144

7339

0.543

0.137

INSM

8361

0.872

0.244

1,022

0.846

0.266

7339

0.876

0.241

INST

8361

30.69

24.3

1,022

26.23

23.33

7339

31.31

24.37

ROA

8361

0.0209

0.0557

1,022

0.00686

0.0658

7339

0.0229

0.0538

BTM

8361

0.448

0.306

1,022

0.43

0.31

7339

0.45

0.306

OC

8361

53.95

15.25

1,022

54.2

15.38

7339

53.92

15.23

LEV

8361

0.512

0.187

1,022

0.521

0.193

7339

0.51

0.186

TA

8361

21.73

1.169

1,022

21.57

1.173

7339

21.75

1.167

DEV_CFO

8361

18.49

1.209

1,022

18.38

1.197

7339

18.51

1.21