Cross-listing and CSR performance: evidence from AH shares

Frontiers of Business Research in China

Table 1 Summary statistics and correlation matrix

	Mean	Std	Min	P25	Median	P75	Max
Panel A
[1] CSR score	7.31	1.98	2.50	5.50	8.00	9.00	10.00
[2] Cross-listing	0.33	0.47	0.00	0.00	0.00	1.00	1.00
[3] Size (raw value)	0.39	1.58	0.00	0.02	0.03	0.09	11.83
[4] Leverage	0.64	1.78	0.17	0.51	0.66	0.77	0.95
[5] MTB	1.78	1.66	0.05	0.99	1.36	2.09	19.00
[6] ROA	0.04	0.45	−0.13	0.01	0.03	0.05	0.19
	[1]		[2]		[3]	[4]	[5]
Panel B:
[1] CSR score	1.00
[2] Cross-listing	0.18
[3] Size (raw value)	−0.03		0.25
[4] Leverage	−0.06		− 0.08		0.33
[5] MTB	−0.06		−0.05		− 0.12	0.01
[6] ROA	0.08		0.03		−0.12	−0.52	0.26

This table presents the summary statistics and the correlation matrix of CSR score, Cross-listing, Size, Leverage, MTB, and ROA