Variable | The meaning of the variable |
eps | basic earnings per share |
gov | number of independent directors in political circles. |
academic | Number of independent directors with academic background. |
cpa | The number of independent directors with accounting background. |
law | The number of independent directors with legal background. |
corp | The number of independent directors from other companies. |
fbnum | Number of female directors |
fbr | Female directors |
dbr | Proportion of independent directors |
fdbr | The proportion of female independent directors |
bnum | Number of directors |
supervisor | Number of supervisors |
fsvr | Number of female superviors |
assetmillion | Total assets |
first | The shareholding ratio of the largest shareholder |
first2-5 | The shareholding ratio of the 2 - 5 major shareholders. |
Dum_industry 1 | Banking virtual variables |
Dum_industry 2 | Securities industry virtual variables |
Dum_industry 3 | Insurance virtual variables |
Dum_industry 4 | Trust industry virtual variables |
Dum_industry 5 | Other dummy variables |