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Table 2 Summary statistics of key variables of shipping firms used in this study (% denotes percentile numbers)

From: Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation

Panel A

Variables

Mean

Stdev

25%

50%

75%

ROA

0.0354

0.0398

0.0124

0.0261

0.0513

ROE

0.0893

0.2274

0.0258

0.0891

0.1725

lngdwt

3.4190e+ 05

6.2118e+ 05

8.6125e+ 04

8.6125e+ 04

3.4659e+ 05

otherdwt

3.3205e+ 06

6.4046e+ 06

9.2697e+ 04

7.7001e+ 05

4.0504e+ 06

lngratio

0.6833

0.5388

0.8582

0.8582

0.9389

size

8.6164

2.3783

6.5559

8.7712

10.744

leverage

2.0109

2.6122

0.4566

1.2940

2.1983

liquidity

2.0306

6.0474

0.9145

1.1970

1.6351

efficiency ratio

0.2544

0.2721

0.0874

0.1579

0.2880

Panel B

Variables

Mean

Stdev

25%

50%

75%

ROA

0.0460

0.0770

0.0173

0.0286

0.0479

ROE

0.0930

0.1561

0.0404

0.0814

0.1527

lngdwt

4.5630e+ 05

4.5709e+ 05

8.0889e+ 04

3.0531e+ 05

7.7426e+ 05

otherdwt

1.7234e+ 06

5.4326e+ 06

2.3487e+ 05

2.3487e+ 05

2.3487e+ 05

lngratio

1.0421

0.1392

0.9102

1.0169

1.1192

size

9.3607

2.1729

7.8051

9.3818

11.3874

leverage

1.7208

1.6807

0.6730

1.0544

2.4288

liquidity

2.5040

10.3335

0.8276

1.0719

1.4258

efficiency ratio

0.4666

1.3877

0.0856

0.2695

0.4269

  1. Notes: Return on assets (ROA) = Pretax income/Assets; Return on equity (ROE) = Pretax income/Equity; lngdwt = Total DWT of LNG carriers in a firm; otherdwt = Total DWT of non-LNG tankers in a firm; ‘lngratio’ = Natural log LNG GT/ Natural log other Tankers GT; size = Natural logarithm of total $ million assets; leverage = Total Debt/Total Equity; liquidity = Current Assets/Current Liabilities; efficiency ratio = (Operating expenses + COGS)/Revenue that is normalized by dividing by size
  2. Source: S&P Capital IQ, Clarksons Research, Authors