Table 2 Descriptive analysis & VIF.
Variables | Mean | Std. Dev. | Min | Max | VIF |
|---|---|---|---|---|---|
R&D investment | 0.001905 | 0.0060131 | 0 | 0.0375463 | |
Non_Family CEO | 0.5427971 | 0.4981868 | 0 | 1 | 1.07 |
Family CEO & Actual Controller | 0.3619814 | 0.4805945 | 0 | 1 | 1.07 |
Family CEO | 0.0671276 | 0.2502538 | 0 | 1 | 1.01 |
Managerial Ability | 0.5864146 | 0.0823132 | −0.02011361 | 0.9276931 | 1.90 |
Leverage | 0.3706731 | 0.2064461 | 0.046011 | 0.90267 | 1.39 |
ROE | 0.1232087 | 7.291028 | −167.1067 | 713.2036 | 1.15 |
Size | 21.34741 | 1.00412 | 18.81058 | 24.25099 | 1.71 |
CEO Pay | 12.94813 | 0.7683455 | 10.59663 | 14.98669 | 1.83 |
CEO Power | 0.2342238 | 0.0841617 | 0 | 1.164983 | 1.44 |
CEO Overconfidence | 0.302027 | 0.4591679 | 0 | 1 | 1.04 |
Ind_Director_Ratio | 0.3743754 | 0.0536421 | 0.1428571 | 0.6666667 | 1.03 |