| Non-financially distressed | Financially distressed | All observations | ||||||
---|---|---|---|---|---|---|---|---|---|
Variable | Mean | Median | SD | Mean | Median | SD | Mean | Median | SD |
WCTA | 0.171 | 0.160 | 0.215 | 0.055 | 0.040 | 0.454 | 0.158 | 0.150 | 0.255 |
RETA | 0.104 | 0.140 | 0.667 | − 1.405 | − 0.059 | 4.083 | − 0.066 | 0.115 | 1.569 |
EBITTA | 0.070 | 0.057 | 0.115 | − 0.140 | − 0.022 | 0.315 | 0.047 | 0.048 | 0.165 |
SalesTA | 0.682 | 0.552 | 0.629 | 0.262 | 0.090 | 0.299 | 0.635 | 0.508 | 0.615 |
MVETL | 2.465 | 1.156 | 3.597 | 10.570 | 0.881 | 39.305 | 3.403 | 1.109 | 13.927 |
CGI | 0.640 | 0.643 | 0.123 | 0.592 | 0.571 | 0.084 | 0.634 | 0.643 | 0.120 |
IR | 13.781 | 15.179 | 3.459 | 12.464 | 10.100 | 3.615 | 13.633 | 13.808 | 3.498 |
GDP | 4.186 | 11.995 | 16.571 | 15.813 | 12.314 | 4.056 | 5.491 | 12.314 | 16.094 |
CPI | 13.450 | 13.723 | 8.544 | 8.199 | 5.212 | 3.794 | 12.861 | 9.365 | 8.314 |
lnMcap | 21.190 | 21.071 | 1.570 | 20.044 | 19.994 | 1.044 | 21.057 | 20.920 | 1.562 |