Table 1 Descriptive statistics and correlation.

From: Firm-level political uncertainty, corporate lobbying and risk-taking

Variable (N = 32,695)

Mean

Std Dev

25%

Median

75%

Panel A: Descriptive statistics

P_UNCERTAINTY

−0.111

0.652

−0.508

−0.313

0.028

RISK_1

0.103

0.110

0.038

0.070

0.123

SIZE

6.557

1.949

5.200

6.524

7.883

LEVERAGE

0.223

0.225

0.012

0.183

0.342

PPE

0.248

0.233

0.068

0.160

0.361

TOBIN’S Q

2.112

1.497

1.200

1.611

2.423

SLACK

0.214

0.226

0.041

0.128

0.317

LOSS

0.326

0.469

0.000

0.000

1.000

Z-SCORE

3.580

6.184

1.350

3.000

5.181

AGE

2.847

0.749

2.303

2.833

3.401

LnGDP

10.80

0.106

10.740

10.790

10.88

UNEMPLOY

6.521

1.730

5.083

5.784

8.069

INFLATION

1.933

0.716

1.165

1.918

2.686

Variable (N = 32,695)

1

2

3

4

5

6

7

8

9

10

11

12

13

Panel B: Correlation

1

P_UNCERTAINTY

             

2

RISK_1

0.07

            

3

SIZE

−0.03

−0.24

           

4

LEVERAGE

−0.01

0.05

0.27

          

5

PPE

−0.01

0.01

0.32

0.30

         

6

TOBIN’S Q

0.03

0.18

−0.24

−0.10

−0.23

        

7

SLACK

0.08

0.20

−0.33

−0.35

−0.34

0.33

       

8

LOSS

0.06

0.22

−0.29

0.07

−0.09

0.05

0.29

      

9

Z-SCORE

−0.03

−0.23

0.07

−0.30

−0.12

0.31

0.17

−0.31

     

10

AGE

0.01

−0.11

0.22

0.07

0.17

−0.20

−0.32

−0.26

−0.05

    

11

LnGDP

0.01

0.08

0.10

0.08

−0.01

0.02

−0.02

0.03

−0.06

0.11

   

12

UNEMPLOY

0.08

0.04

−0.01

−0.03

0.01

−0.06

0.00

−0.01

−0.04

0.05

0.04

  

13

INFLATION

−0.07

−0.04

−0.05

−0.06

−0.01

0.03

0.01

−0.07

0.07

−0.08

−0.29

−0.30

 
  1. This table shows the summary statistics and correlations matrix for our variables employed in the regression’s equations. In Panel B, statistically significant correlations at 5% significant level are written in bold.
Back to article page