Table 2.

Descriptive statistics.

	Obs.	Mean	S.D.	Min	Max
esg	4543	27.304	8.517	7.851	71.180
chairarmy	4543	0.006	0.080	0	1
return_ass	4543	0.110	1.607	$-$ 0.015	108.352
total_lev	4543	5.156	118.722	−3.393	6270.051
govcon	4543	0.066	0.249	0	1
indep_director	4543	3.157	0.544	1	6
owner_first	4543	33.261	15.602	3.390	89.409
owner_three	4543	48.547	16.135	8.432	92.203
owner_five	4543	53.820	16.087	10.646	93.982
owner_ten	4543	59.758	15.966	13.281	95.147
sharehold_chair	4543	9.495	14.169	0	69
overseaback_chair	4543	1.052	1.241	0	8
overseaexp_chair	4543	0.643	1.001	0	8
overseaedu_chair	4543	0.641	0.933	0	7
femalenum_chair	4543	1.305	1.114	0	8
salary_chair	4543	4203220.391	5081495.897	0	81813600
number_chair	4543	9.949	2.505	4	27