Table 3.

Descriptive Statistics of Earnings Quality Measures

	Mean	Std. Dev.	10%	25%	50%	75%	90%
EQ1	0.3655	0.3660	−0.1037	0.1302	0.3832	0.6087	0.7839
EQ2	0.2390	0.2300	0.0066	0.0421	0.1676	0.3847	0.5915
EQ3	0.7094	0.3598	0.2858	0.4389	0.6731	0.9253	1.1602
EQ4	−0.6782	0.3235	−0.9673	−0.9171	−0.7924	−0.5470	−0.2036
EQ5	−0.0399	0.0545	−0.0924	−0.0508	−0.0242	−0.0100	−0.0037
EQ6	−0.0316	0.0286	−0.0652	−0.0397	−0.0235	−0.0135	−0.0077
EQ7	3.5770	5.3815	−0.5922	0.5723	2.2568	5.3645	9.7298
EQ8	0.2320	0.2087	0.0087	0.0525	0.1778	0.3657	0.5469

Notes: This table reports the mean, the standard deviation, the 10^th, 25^th, 50^th, 75^th and 90^th percentiles for the eight earnings quality measures. Descriptions of the measures are given in Table1.