Table 4.

Descriptive statistics.

Variable	Obs	Mean	Std. Dev.	Min	Max
Gti	1,745	1	1.03	0	7.15
Csr	1,745	3.61	0.39	−1.11	4.61
Incsr	1,745	2.95	0.56	−0.34	4.09
Excsr	1,745	3.04	0.30	0	3.97
Ceonar	1,745	0.059	0.28	0	4.89
Area	1,745	0.55	0.50	0	1
Nature	1,745	0.66	0.47	0	1
Industry	1,745	0.67	0.47	0	1
Size	1,745	24.17	1.60	17.03	27.67
Pro	1,745	0.11	0.30	−2.21	4.21
Tsrat	1,745	0.16	0.12	0	0.74