Table 2.

Descriptive statistical analysis.

Variables	Obs	Mean	Std.Dev.	Min	Max
LSHR	30,731	19.7104	9.5424	3.6991	54.2621
rLSHR	30,731	−1.5221	0.6691	−7.1882	3.5820
LBRP	30,731	0.0712	0.1346	0.0000	0.7842
rLBRP	30,731	0.0572	0.1215	0.0000	0.6293
IC	27,770	0.3213	0.0944	0.0500	0.4796
Crsk	30,731	0.0806	0.1604	0.0043	1.5458
Size	30,731	12.8598	1.3536	8.4456	19.4262
Age	30,731	2.8561	0.3466	0.0000	4.1897
Lev	30,731	42.4239	20.4549	5.3888	91.4575
Roe	30,731	8.5443	12.1241	−43.8700	64.6200
Di	30,731	2.4282	1.9416	0.0290	15.3177
First	30,731	35.6675	15.3725	8.8000	80.6500
Bsiz	30,731	2.1343	0.2072	0.0000	2.8904
Indr	30,731	37.2313	5.8789	0.0000	57.1429
Istr	30,731	35.9009	24.6773	0.0000	85.7566
Pgdp	30,731	11.4927	0.7754	8.6088	13.0060
Fsiz	30,731	0.2484	0.2292	0.0079	1.0163