Table 4.
Descriptive statistics.
| Variable | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|
| ROA | 1,207 | 0.01 | 0.02 | −0.72 | 0.06 |
| ROE | 1,207 | 0.10 | 0.19 | −0.95 | 5.04 |
| Zscore | 1,207 | 31.01 | 27.48 | −15.22 | 207.68 |
| NPLS | 1,207 | 0.04 | 0.05 | 0.00 | 0.53 |
| DROA | 1,207 | 0.01 | 0.02 | 0.00 | 0.20 |
| ASIZE | 1,207 | 3.67 | 1.43 | 0.00 | 11.00 |
| ACIN | 1,166 | 0.40 | 0.38 | 0.00 | 1.00 |
| FAEA | 1,166 | 0.49 | 0.25 | 0.00 | 1.00 |
| ACMF | 1,148 | 9.69 | 7.25 | 0.00 | 77.00 |
| SARC | 1,207 | 0.80 | 0.40 | 0.00 | 1.00 |
| EXAQ | 1,207 | 0.64 | 0.48 | 0.00 | 1.00 |
| RGEI | 1,207 | 4.22 | 1.90 | 0.00 | 9.00 |
| BASI | 1,207 | 9.78 | 0.79 | 6.37 | 11.63 |
| BOSI | 1,207 | 8.99 | 2.99 | 3.00 | 20.00 |
| BOIN | 1,207 | 0.24 | 0.22 | 0.00 | 1.00 |
| BAAG | 1,207 | 36.38 | 26.87 | 1.00 | 167.00 |
| SOWN | 1,207 | 0.21 | 0.34 | 0.00 | 1.00 |
| FOWN | 1,207 | 0.18 | 0.28 | 0.00 | 1.00 |
| GDPC | 1,207 | 3.47 | 0.41 | 2.53 | 4.81 |
| CONC | 1,207 | 0.63 | 0.32 | 0.41 | 0.99 |
Note: The table presents descriptive statistics for all variables, the variable definitions are reported in Table 2.