| Variables | Mean | Median | Std. Dev. | Min | Max |
| Financial constraint | −10.365 | −0.156 | 55.685 | −991.277 | 71.559 |
| Board gender diversity | 0.154 | 0.125 | 0.145 | 0.000 | 0.667 |
| AuditComInd | 0.483 | 0.500 | 0.079 | 0.167 | 1.000 |
| Firm Size | 4.177 | 4.038 | 0.825 | 2.330 | 6.379 |
| Leverage | 0.679 | 0.623 | 0.527 | −1.029 | 4.908 |
| Firm age | 40.236 | 38.000 | 20.504 | 3.000 | 98.000 |