Table 2.

Descriptive statistics

Variable	N	Mean	Std	p25	p50	p75
Discretionary LLP	1039	0.001	0.002	0.000	0.001	0.001
Weighted COVID-19 cases	1039	0.023	0.016	0.008	0.020	0.032
Size	1039	16.115	1.529	15.168	15.748	16.702
Tier-1 capital	1039	0.094	0.031	0.081	0.089	0.100
ROA	1039	0.003	0.003	0.002	0.003	0.004
Risk	1039	0.010	0.016	0.004	0.007	0.012
Fund	1039	0.827	0.194	0.744	0.841	0.927
Liquidity	1039	0.012	0.009	0.008	0.011	0.014

This table provides the summary statistics of the main variables used in this paper. The number of observations (N), means (Mean), standard deviations (Std.), 25th percentiles (p25), median (p50) and 75th percentiles (p75) are reported