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