Variables | Mean | Median | STD | Minimum | Maximum |
Panel A: Independent (Corporate governance) variable based on all firms year observations | |||||
IO | 0.167 | 0.1275 | 0.122 | 0.0500 | 1.000 |
Panel B: Dependent Variables | |||||
COC | 0.167 | 0.152 | 0.271 | 0.012487 | 2.131678 |
Panel C: Control Variables | |||||
SG | 0.0797 | 0.0453 | 0.1796 | −0.4341 | 2.4190 |
FS | 4.2747 | 4.2135 | 0.6193 | 2.4738 | 6.1257 |
LVG | 0.6135 | 0.6253 | 0.1786 | 0.0263 | 1.2571 |
CORR IDX | 1.871 | 1.893 | 0.087 | 1.61 | 1.98 |
INFL | −1.621 | −1.67 | 0.650 | −2.73 | 0.0 |
GDPC | 4.968 | 4.88 | 0.080 | 4.462 | 4.94 |