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