Categories | Total Firms | Mean of Post Option Listing Variance (in percentage) | Mean of Pre Option Listing Variance (in percentage) | Change in Variance (in percentage) | T-Statistic |
All Firms | 166 | 3.19 | 2.85 | 0.34 | 1.007 |
Large Cap | 88 | 3.51 | 2.41 | 1.10 | 2.082** |
Mid Cap | 55 | 2.62 | 3.20 | −0.58 | −1.40 |
Small Cap | 23 | 3.29 | 3.67 | −0.38 | −0.443 |