Variable | Number of observations | Mean | Standard deviation | Minimum | Maximum |
Spread | 285 | 0.215 | 0.296 | −0.204 | 2.001 |
Relative size | 285 | 0.186 | 0.296 | 0.001 | 2.353 |
Payment method | 280 | 0.726 | 0.381 | 0 | 1 |
Premium | 284 | 0.335 | 0.278 | −0.177 | 2.389 |
Termination fees | 264 | 0.031 | 0.008 | 0 | 0.071 |
Target performance | 285 | 0.008 | 0.183 | −1.494 | 0.379 |
Target leverage | 285 | 0.475 | 4.863 | −60.446 | 28.384 |