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Table 3 Descriptive statistics

From: The effects of corporate governance on environmental sustainability reporting: empirical evidence from South Asian countries

  N Mean Std. Dev. Min 1Q Median 3Q Max
Dependent variable: Environmental Sustainability Reporting Performance Score
ESRPSCORE 326 3.0222 0.4593 1.6094 2.7726 3.1568 3.4012 3.5553
Independent Variable: Ownership and Board Characteristics
FOROWN 326 0.1525 0.1270 0 0.0482 0.1351 0.2236 0.4882
INSTOWN 326 0.1141 0.0870 0 0.0470 0.0971 0.1554 0.3611
DRTOWN 326 0.0005 0.0025 0 0 0 0 0.0174
FAMOWN 326 0.4456 0.2499 0 0.2954 0.4965 0.6317 0.8965
BDIND 326 1.7420 0.4452 0 1.6094 1.7918 2.0794 2.3979
BDSIZE 326 2.3893 0.2557 1.7918 2.1972 2.3979 2.5649 2.9957
BDFEM 326 0.6499 0.4065 0 0.6931 0.6931 0.6931 1.6094
SUSCOMM 326 0.7454 0.4363 0 0 1 1 1
Control variables
GRI_LEVEL 326 0.5828 0.4939 0 0 1 1 1
FSIZE 326 21.3064 1.9287 17.0616 19.7096 21.5911 22.7639 24.9125
M/B 326 0.6171 1.0197 −2.4629 0.0734 0.6359 1.2680 3.1855
ROA 326 0.0828 0.0925 −0.0161 0.0200 0.0557 0.1112 0.5800
LEV 326 0.5209 0.2293 0.0790 0.3430 0.4924 0.7000 0.9385
  1. Note: For firm i and year t
  2. ESRPSCORE environmental sustainability reporting performance score, FOROWN total percentage of share held by foreign institutional investors, INSTOWN total percentage of share held by domestic institutional investors, DRTOWN total percentage of share held by board of directors, FAMOWN total percentage of majority shares held by family members, BDIND natural log of percentage of total independent board members, BDFEM natural log of percentage of total female board members, BDSIZE natural log of percentage of total board members, SUSCOMM dummy variable; CSR/environmental committee = 1; otherwise = 0, GRI_LEVEL dummy variable following G4 = 1; otherwise = 0, FSIZE natural log of market capitalization, M/B natural log of market capitalization divided by equity, ROA net income divided by total assets, LEV natural log of total liability divided by total assets