Table 2 Summary statistics
From: Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design
Observations | Mean | SD | 25th | Median | 75th | |
|---|---|---|---|---|---|---|
Panel A: Full sample | ||||||
\(BTD\) | 10,187 | − 0.022 | 0.092 | − 0.029 | − 0.004 | 0.015 |
\(SALEDIFF\) | 10,187 | − 1.309 | 1.372 | − 2.145 | − 1.392 | − 0.592 |
\(CFO\) | 10,187 | 0.026 | 0.150 | − 0.049 | 0.032 | 0.107 |
\(LEVERAGE\) | 10,187 | 0.395 | 0.199 | 0.237 | 0.390 | 0.539 |
\(INVEST\) | 10,187 | 0.058 | 0.074 | 0.008 | 0.029 | 0.077 |
\(FIXED\) | 10,187 | 0.166 | 0.154 | 0.033 | 0.121 | 0.262 |
Panel B: Sample of SMEs | ||||||
\(BTD\) | 1493 | − 0.068 | 0.145 | − 0.092 | − 0.019 | 0.007 |
\(SALEDIFF\) | 1493 | 1.016 | 0.834 | 0.412 | 0.834 | 1.398 |
\(CFO\) | 1493 | − 0.021 | 0.197 | − 0.130 | − 0.009 | 0.101 |
\(LEVERAGE\) | 1493 | 0.314 | 0.203 | 0.142 | 0.283 | 0.451 |
\(INVEST\) | 1493 | 0.066 | 0.092 | 0.006 | 0.026 | 0.086 |
\(FIXED\) | 1493 | 0.148 | 0.164 | 0.024 | 0.073 | 0.230 |
Panel C: Sample of non-SMEs | ||||||
\(BTD\) | 8694 | − 0.014 | 0.077 | − 0.024 | − 0.003 | 0.016 |
\(SALEDIFF\) | 8694 | − 1.708 | 0.999 | − 2.283 | − 1.612 | − 0.973 |
\(CFO\) | 8694 | 0.034 | 0.139 | − 0.038 | 0.037 | 0.108 |
\(LEVERAGE\) | 8694 | 0.409 | 0.195 | 0.256 | 0.405 | 0.550 |
\(INVEST\) | 8694 | 0.056 | 0.070 | 0.009 | 0.029 | 0.076 |
\(FIXED\) | 8694 | 0.170 | 0.152 | 0.036 | 0.130 | 0.266 |