Table 4 Summary statistics of the key variables
Firms/Periods | \( \raisebox{1ex}{$I$}\!\left/ \!\raisebox{-1ex}{$K$}\right. \) | \( \raisebox{1ex}{$ CF$}\!\left/ \!\raisebox{-1ex}{$K$}\right. \) | Q | \( \raisebox{1ex}{$S$}\!\left/ \!\raisebox{-1ex}{$K$}\right. \) | No. of firms |
|---|---|---|---|---|---|
Mean (Std.) | Mean (Std.) | Mean (Std.) | Mean (Std.) | ||
(1) | (2) | (3) | (4) | (5) | |
All firms | 0.19 (0.23) | 0.16 (0.47) | 1.12 (0.74) | 0.20 (0.49) | 617 |
Large firms | 0.22 (0.37) | 0.19 (0.43) | 1.36 (0.81) | 0.22 (0.45) | 146 |
Small firms | 0.14 (0.42) | 0.13 (0.47) | 1.02 (0.65) | 0.18 (0.58) | 335 |
Standalone firms | 0.18 (0.26) | 0.14 (0.45) | 1.45 (0.68) | 0.16 (0.38) | 220 |
Group affiliated firms | 0.23 (0.21) | 0.17 (0.52) | 1.10 (0.76) | 0.24 (0.46) | 397 |
High dividend paying firms | 0.23 (0.41) | 0.21 (0.32) | 1.34 (0.55) | 0.22 (0.36) | 233 |
Low dividend paying firms | 0.17 (0.33) | 0.15 (0.38) | 1.15 (0.63) | 0.14 (0.42) | 384 |
Before crisis period | 0.23 (0.31) | 0.17 (0.35) | 1.41 (0.68) | 0.21 (0.29) | 617 |
During crisis period | 0.21 (0.49) | 0.11 (0.41) | 0.98 (0.83) | 0.19 (0.42) | 617 |