This table reports summary statistics for firm characteristics in the 2 years before a new law is adopted. The mean and standard deviation (in parentheses) for each variable are reported separately for two samples of firms. Column 1 reports estimates for firms incorporated in states that adopt a law in the following year. Column 2 reports estimates from the same year for firms incorporated in other states.
Thank you a lot in advance
Law | No law | p-value of difference | ||
Assets | 4.09 (2.50) |
0.68 (2.044) |
0.11 | |
ROA | 1.09 (1.40) |
0.088 (0.283) |
0.23 | |
ROE | 4.07 (2.20) |
0.076 (0.42) |
0.58 | |
volatility | 7.11 (2.10) |
0.066 (0.33) |
0.28 |
0 Response to table
Post a Comment