Table 2. Descriptive statistics.
| VARIABLES | N | Mean | SD | Min | P25 | P50 | P75 | Max |
|---|---|---|---|---|---|---|---|---|
| ESG | 30627 | 6.455 | 1.130 | 1.000 | 6.000 | 6.000 | 7.000 | 9.000 |
| PT | 30627 | 0.360 | 0.480 | 0.000 | 0.000 | 0.000 | 1.000 | 1.000 |
| Mayor | 30627 | 0.255 | 0.436 | 0.000 | 0.000 | 0.000 | 1.000 | 1.000 |
| Psecretary | 30627 | 0.241 | 0.428 | 0.000 | 0.000 | 0.000 | 0.000 | 1.000 |
| Size | 30627 | 22.140 | 1.356 | 19.420 | 21.180 | 21.950 | 22.890 | 26.370 |
| Lev | 30627 | 0.431 | 0.218 | 0.051 | 0.256 | 0.420 | 0.591 | 0.980 |
| ROA | 30627 | 0.040 | 0.070 | -0.297 | 0.014 | 0.039 | 0.073 | 0.232 |
| Growth | 30627 | 0.180 | 0.482 | -0.642 | -0.029 | 0.105 | 0.268 | 3.324 |
| Indep | 30627 | 0.375 | 0.054 | 0.300 | 0.333 | 0.357 | 0.429 | 0.571 |
| TobinQ | 30627 | 2.298 | 1.658 | 0.897 | 1.328 | 1.758 | 2.599 | 10.940 |
| Duality | 30627 | 0.277 | 0.448 | 0.000 | 0.000 | 0.000 | 1.000 | 1.000 |
| Top10 | 30627 | 0.359 | 0.223 | 0.009 | 0.170 | 0.349 | 0.534 | 0.855 |
| Age | 30627 | 9.014 | 0.241 | 8.311 | 8.876 | 9.035 | 9.223 | 9.510 |
| Per capita GDP | 30627 | 9.632 | 4.005 | 0.602 | 6.689 | 9.385 | 13.060 | 21.550 |
Note. This table reports the descriptive statistics of the main variables for samples from 2010–2020. See Appendix A in S1 Table for the definition of all variables.