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Gender Diversity on the Board - BI Norwegian Business School

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GRA 19001 Master Thesis<br />

Table 2.A4 Descriptive statistics for all independent variables<br />

Variables<br />

All n<strong>on</strong>listed firms<br />

Large n<strong>on</strong>listed firms<br />

Mean Median Std Skewness Kurtosis N Mean Median Std Skewness Kurtosis N<br />

ROA 0.09 0.09 0.51 -4.21 129.65 726,324 0.13 0.11 0.14 0.50 2.40 32,544<br />

Family ownership 0.77 1.00 0.29 -0.80 -0.75 662,856 0.66 0.69 0.33 -0.37 -1.34 19,929<br />

CEO gender 0.14 0.00 0.35 2.05 2.20 623,253 0.06 0.00 0.23 3.84 12.75 30,443<br />

Firm age 11.91 9.00 12.65 3.25 17.39 693,800 17.44 13.00 16.51 2.46 8.01 30,635<br />

Firm size 14 mill 2.01 mill 287 mill 153.19 34,652.91 729,431 203 mill 63 mill 1.3 bill 34.15 1,689.85 32,565<br />

Table 2.A4 presents summary of descriptive statistics for all independent variables including c<strong>on</strong>trol variables, both for large and all n<strong>on</strong>listed <strong>Norwegian</strong> firms that pass our filters<br />

as described in secti<strong>on</strong> 3.3.<br />

36

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