Table 3 Mean difference test
From: Does gender diversity on firm’s board affect dividend payouts? Evidence from India
Variables | DIV = 1 | Mean | DIV = 0 | Mean | Diff |
|---|---|---|---|---|---|
DIRF | 476 | 1.197706 | 24 | 1.345317 | − 0.1476104 |
DIRFLN | 476 | 1.023684 | 24 | 1.190302 | − 0.1666176 |
DIRFPER | 476 | 0.07 | 24 | 0.08 | − 0.008 |
FD1 | 476 | 0.77 | 24 | 0.96 | *** − 0.185 |
FD3 | 476 | 0.278 | 24 | 0.282 | 0.001 |
TALOG | 476 | 12.91693 | 24 | 13.522263 | * − 0.6053333 |
FINLEV | 476 | 0.912658 | 24 | 0.440755 | ***.4719026 |
TOBINSQ | 476 | 1.379904 | 24 | 1.156699 | 0.2232053 |
ROA | 476 | 0.101909 | 24 | 0.054409 | **.0475003 |
RETE | 476 | 0.798539 | 24 | 0.632996 | ***.1655434 |
CASHHOL | 476 | 0.126415 | 24 | 0.031907 | ***.0945075 |
MARTOBOOK | 476 | 3.62946 | 24 | 3.062214 | 0.5672464 |
LOGDIR | 476 | 1.054089 | 24 | 1.016943 | 0.0371468 |
LOGINDIRBS | 476 | 0.284535 | 24 | 0.278999 | 0.0055356 |