Variable | N | Conventional Firm (N = 1751) | Shariah-Compliant Firm (N = 3421) | ||||||||
Mean | Median | SD | Min | Max | Mean | Median | SD | Min | Max | ||
Cash Holdings | 5172 | 0.09 | 0.06 | 0.10 | 0.00 | 0.83 | 0.08** | 0.05 | 0.09 | 0.00 | 0.80 |
Leverage | 5172 | 0.49 | 0.50 | 0.21 | 0.00 | 1.00 | 0.46*** | 0.47*** | 0.20 | 0.00 | 1.00 |
Cost of Debt | 5172 | 0.03 | 0.02 | 0.03 | 0.00 | 0.61 | 0.03 | 0.02 | 0.02 | 0.00 | 0.25 |
Working Capital | 5172 | 0.05 | 0.03 | 0.21 | −0.77 | 0.89 | 0.07 | 0.04** | 0.20 | −0.68 | 0.87 |
Dividend | 5172 | 0.34 | 0.00 | 0.47 | 0.00 | 1.00 | 0.36* | 0.00 | 0.48 | 0.00 | 1.00 |
Capital Expenditure | 5172 | 0.02 | 0.01 | 0.04 | 0.00 | 0.43 | 0.03*** | 0.01*** | 0.04 | 0.00 | 0.56 |
ROA | 5172 | 0.02 | 0.01 | 0.06 | −0.53 | 0.43 | 0.03** | 0.02*** | 0.06 | −0.60 | 0.53 |
Size | 5172 | 28.83 | 28.83 | 1.52 | 18.99 | 32.49 | 28.7*** | 28.75*** | 1.73 | 18.96 | 32.55 |