Mean

Standard deviation

Q1

Median

Q3

Panel A.

Total accruals (TAC/TA)

−0.0502

0.4116

−0.1015

−0.0402

0.0052

Non-discretionary accruals (NDAC)

−0.0092

0.3532

−0.0372

−0.0044

0.0193

Discretionary accruals (DAC)

−0.0409

0.2816

−0.0918

−0.0335

0.0128

Panel B.

Market-to-book ratio

2.07

5.24

1.04

1.35

2.01

Long-term leverage ratio

0.1783

0.2179

0.0040

0.1283

0.2797

Total assets (in million $)

563.683

2145.296

23.708

65.842

298.525

Abs. difference in ROA

0.2060

3.8798

0.0129

0.0364

0.1001

Return on assets (ROA)

−0.0678

1.2555

−0.0418

0.0231

0.0630