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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