variable

N

mean

median

max

min

sd

Overinvest

712

0.0847

0.0395

0.505

0.000771

0.116

Underinvest

1466

0.0374

0.0340

0.142

0.000645

0.0255

Sa

2178

0.701

1

1

0

0.458

Growth

2178

2.649

1.934

14.48

0.226

2.447

Lev

2178

0.439

0.429

0.886

0.0569

0.205

Size

2178

22.39

22.23

25.85

19.96

1.146

Board

2178

8.607

9

15

5

1.698

Top

2178

0.735

1

1

0

0.442

Share

2178

0.323

0.301

0.724

0.0833

0.144

FCF

2178

0.0329

0.0313

0.353

−0.341

0.108

Gender

2178

0.964

1

1

0

0.186