Categories

Total Firms

Mean of Post Option Listing Long-Run Variance (in percentage)

Mean of Pre Option Listing Long-Run Variance (in percentage)

Change in Variance (in percentage)

T-Statistic

All Firms

166

2.1791

2.1843

−0.0052

−0.0321

Large Cap

88

2.4830

2.4368

0.0463

0.1782

Mid Cap

55

2.4633

2.5377

−0.0744

−0.4521

Small Cap

23

0.4134

0.4210

−0.0076

−0.4351