Skip to main content

Table 3 Mean statistics of the variables

From: Financial constraints and investment decisions of listed Indian manufacturing firms

 

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

Mean

Std. Err.

 

Group

 

Non- Group

 

LMC

 

MMC

 

HMC

 

LTNW

 

MTNW

 

HTNW

 

Investment

0.203

0.065

0.179

0.011

0.158

0.031

0.152

0.014

0.267

0.103

0.175

0.033

0.239

0.102

0.163

0.014

Change in sales

0.483

0.127

0.896

0.491

0.636

0.648

0.559

0.076

0.811

0.237

0.662

0.642

0.695

0.218

0.648

0.147

Cash flows

0.232

0.020

0.309

0.017

0.150

0.017

0.234

0.031

0.416

0.019

0.162

0.031

0.269

0.019

0.369

0.017

Leverage

0.971

0.077

1.888

0.490

2.047

0.657

1.090

0.096

1.012

0.102

1.896

0.657

0.916

0.072

1.336

0.123

Tangibility

2.167

0.133

1.566

0.139

1.828

0.134

1.939

0.145

1.923

0.211

1.803

0.134

1.416

0.179

2.471

0.182

Cash flows* Tangibility

0.536

0.051

0.549

0.100

0.258

0.047

0.451

0.049

0.917

0.143

0.257

0.040

0.439

0.129

0.930

0.082

Observations

2538

 

2070

 

1536

 

1536

 

1536

 

1536

 

1536

 

1536

 
  1. The table represents the mean statistics of the variables scaled to capital stock whereas natural logarithmic values are taken for tangibility of assets