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Table 3 Descriptive statistics

From: Preaching water but drinking wine? Relative performance evaluation in international banking

Variable

N

Mean

St. dev.

Min

Q1

Median

Q3

Max

Total compensation

335

5.28

4.05

0.13

1.90

4.12

8.30

20.40

Log(total compensation)

335

1.29

0.99

− 2.02

0.64

1.42

2.12

3.02

Firm stock return

335

0.05

0.43

− 1.59

− 0.08

0.14

0.29

1.24

Peer return (industry)

335

0.09

0.26

− 0.72

− 0.12

0.15

0.25

0.86

Peer return (industry/size)

335

0.08

0.32

− 0.83

− 0.07

0.16

0.27

0.82

Firm size (sales)

335

34.15

33.03

1.01

7.94

20.63

53.10

142.75

Firm size (log(sales))

335

2.99

1.12

0.01

2.07

3.03

3.97

4.96

Firm size (assets)

335

738.47

764.38

27.04

166.18

376.83

1106.20

3069.54

Firm size (log(assets))

335

6.02

1.15

3.30

5.11

5.93

7.01

8.03

Growth options

335

1.04

0.05

0.95

1.00

1.03

1.06

1.19

Firm stock return variance

330

0.14

0.16

0.00

0.03

0.09

0.20

1.10

  1. Note: The table shows descriptive statistics of the compensation data, firm performance measures, and control variables. Specifically, we document firm stock return and peer return. Summary statistics for peer groups are based on an industry affiliation and an industry/size quartiles approach. We report the number of firm observations (N), mean (Mean), minimum (Min), standard deviation (St.dev.), 25th percentile (Q1), median (Median), 75th percentile (Q3), and maximum (Max) for the time span 2004–2013. Total compensation is in million USD; sales and total assets are in billion USD