Table 3 Descriptive statistics.
From: Band together or go it alone? Climate risk and corporate collaborative innovation
Panel A: Descriptive statistics of variables | ||||||
---|---|---|---|---|---|---|
Variables | N | Mean | SD | Min | Max | p50 |
ci1 | 43,678 | 0.715 | 1.212 | 0.000 | 5.182 | 0.000 |
cc1 | 43,678 | 0.248 | 0.400 | 0.000 | 2.181 | 0.090 |
cc2 | 43,678 | 1.932 | 1.418 | 0.000 | 5.130 | 1.792 |
leverage | 43,678 | 0.417 | 0.213 | 0.047 | 0.955 | 0.405 |
roa | 43,678 | 0.035 | 0.070 | −0.308 | 0.210 | 0.038 |
lnSale | 43,678 | 21.373 | 1.556 | 16.388 | 25.583 | 21.266 |
dual | 43,678 | 0.240 | 0.427 | 0.000 | 1.000 | 0.000 |
tang | 43,678 | 0.340 | 0.178 | 0.000 | 0.781 | 0.328 |
indep | 43,678 | 24.744 | 18.334 | 0.000 | 57.143 | 33.333 |
top1 | 43,678 | 33.956 | 14.989 | 8.090 | 74.820 | 31.610 |
growth | 43,678 | 0.162 | 0.421 | −0.603 | 2.694 | 0.098 |
lnage | 43,678 | 1.984 | 0.996 | 0.000 | 3.367 | 2.197 |
cflow | 43,678 | 0.046 | 0.071 | −0.182 | 0.249 | 0.046 |
stranded | 43,678 | 0.643 | 0.626 | 0.000 | 2.197 | 0.693 |
risk | 43,678 | 0.333 | 0.471 | 0.000 | 1.000 | 0.000 |
Panel B: Annual descriptive statistics of climate risk | ||||||
Year | cc1 (mean) | cc2 (mean) | ||||
2010 | 0.194 | 1.623 | ||||
2011 | 0.157 | 1.657 | ||||
2012 | 0.221 | 1.791 | ||||
2013 | 0.22 | 1.822 | ||||
2014 | 0.212 | 1.833 | ||||
2015 | 0.231 | 1.579 | ||||
2016 | 0.222 | 1.622 | ||||
2017 | 0.212 | 1.606 | ||||
2018 | 0.211 | 1.618 | ||||
2019 | 0.201 | 1.596 | ||||
2020 | 0.218 | 1.67 | ||||
2021 | 0.318 | 2.426 | ||||
2022 | 0.338 | 2.541 | ||||
2023 | 0.344 | 2.624 |