Variables

Indicator

Mean

Std.

Min.

Max

ROE

Return on equity

8.57

10.53

−57.35

43.14

ln_dona

ln(Donation amounts)

1.39

4.25

0

20.95

N

Number of volunteer service projects

0.88

3.49

0

67

size

ln(total assets)

21.79

1.32

13.08

28.51

lev

Asset-liability ratio

0.46

1.13

0

96.96

SOE

The ownership of company

0.40

0.49

0

1

lnpind_dona

ln(industry average donation amounts)

12.50

1.56

7.46

18.65

pind_N

Industry average volunteer service project numbers

0.87

0.92

0

10.40