Table 8 Descriptive statistics
Variable | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|
Index data | ||||
 Returns | − 0.237 | 4.228 | − 12.980 | 8.760 |
 Event | 0.026 | 0.160 | 0.000 | 1.000 |
 P/E | 20.916 | 2.272 | 17.150 | 25.730 |
 P/B | 2.627 | 0.263 | 2.170 | 3.180 |
 Volume | 13.090 | 0.163 | 12.672 | 13.391 |
Firm-level data | ||||
 Returns | − 0.338 | 5.373 | − 72.710 | 45.070 |
 Event | 0.026 | 0.159 | 0.000 | 1.000 |
 Beta | 1.172 | 0.491 | − 0.880 | 2.620 |
 DS_Beta | 68.191 | 38.587 | − 134.032 | 200.184 |
 Volatility | 3.825 | 2.920 | 0.000 | 22.171 |
 Size | 8.816 | 2.091 | 0.095 | 17.421 |
 Cashflow | 0.084 | 0.067 | − 0.314 | 0.614 |
 Dividend | 0.683 | 0.465 | 0.000 | 1.000 |
 WWI | − 0.432 | 0.114 | − 2.897 | − 0.087 |
 KZI | − 26.538 | 18.112 | − 39.560 | 6.436 |
 Debt | 0.214 | 0.192 | 0.000 | 2.596 |
 Cash | 0.002 | 0.009 | 0.000 | 0.192 |
 Tobin’s Q | 1.137 | 3.897 | 0.002 | 144.854 |
 Industry sales growth | 0.090 | 0.082 | − 0.471 | 0.282 |
 Sale growth | 0.276 | 1.840 | − 0.968 | 75.619 |
 Age | 3.475 | 0.522 | 0.693 | 5.050 |
 P/E | 24.817 | 54.212 | 0.750 | 480.000 |
 P/B | 1.800 | 3.212 | 0.010 | 73.790 |
 Turnover | 0.861 | 1.335 | 0.000 | 11.625 |
 MarketCap | 8.084 | 2.430 | 1.348 | 16.046 |
 ROA | 0.061 | 0.063 | − 0.455 | 0.601 |
Other financial markets | ||||
 3-Month | − 0.925 | 3.443 | − 16.814 | 6.758 |
 6-Month | − 0.951 | 2.762 | − 10.213 | 4.569 |
 1-Year | − 0.773 | 2.945 | − 10.663 | 5.523 |
 3-Year | − 0.487 | 1.814 | − 4.576 | 2.938 |
 5-Year | − 0.342 | 2.338 | − 6.257 | 3.488 |
 10-Year | − 0.105 | 1.386 | − 2.670 | 2.700 |
 15-Year | − 0.093 | 1.022 | − 1.712 | 2.242 |
 19-Year | − 0.048 | 1.127 | − 2.656 | 2.412 |
 24-Year | − 0.031 | 0.973 | − 1.744 | 2.483 |
 30-Year | − 0.070 | 0.922 | − 1.789 | 2.426 |
 USD/INR | 0.108 | 0.570 | − 1.206 | 1.187 |