Descriptive Statistics of the ASEAN 5 countries

Variables Observation Mean Std. Dev. Min Max

Probability of Default 3637 0.066285 0.0518884 0.00262 0.6593238738
ResourceUse 3637 3.535058 0.4189278 -1.42712 4.5864969207
Emission 3637 3.550395 0.4606861 -1.51413 4.5981455711
EnvironmentalInnovation 3637 3.156728 0.2870847 0.66269 4.5128355748
Community 3637 3.895807 0.4252597 0.09531 4.6022659728
HumanRights 3637 3.15513 0.3129789 0.47 4.5864969207
ProductResponsibility 3637 3.838689 0.3770952 -1.60944 4.6041696857
Workforce 3637 3.932736 0.4332597 0.06766 4.6035689046
CSRStrategy 3637 3.713265 0.3844776 0.3001 4.5965329926
Management 3637 3.899422 0.4483667 -0.19845 4.5968355492
Shareholders 3637 3.889318 0.4452879 -0.19845 4.5969363811
ARTunover 3637 2.280404 1.1091034 -2.10839 7.7186281947
AssetTurnover 3637 -0.708475 1.204217 -4.56484 2.5087410807
CurrentRatio 3637 0.831102 0.8628834 -3.50622 6.7763359401
DtoE 3637 -0.952269 1.605956 -13.5531 3.3780706519
GrossMargin 3637 -1.089148 0.440654 -6.03229 0
InterestCoverageRatio 3637 3.277817 2.6246872 -4.61119 15.60694919
InventoryTurnover 3637 2.376369 1.4950723 -4.45345 9.0505367555
NetProfitMargin 3637 -2.042553 0.9704357 -6.59653 1.4407008906
PayablesTurnover 3637 4.218286 3.4244738 -0.57016 20.278466911
ROA 3637 -2.695164 0.7433157 -9.3157 1.0527313386

Descriptive Statistics Malaysia

Variables Observation Mean Std. Dev. Min Max
Probability of Default 1428 0.053948 0.0397207 0.00262 0.3719396974
ResourceUse 1428 3.517705 0.4305992 -0.46204 4.5528237056
Emission 1428 3.58216 0.3237776 -1.17118 4.5766678255
EnvironmentalInnovation 1428 3.12914 0.1726368 1.50185 4.2759714333
Community 1428 3.903808 0.3707959 0.09531 4.5858854246
HumanRights 1428 3.145179 0.2833688 0.79299 4.5601728201
ProductResponsibility 1428 3.839839 0.3256645 1.21194 4.6041696857
Workforce 1428 3.977546 0.285558 0.06766 4.6030679779
CSRStrategy 1428 3.736812 0.2964494 0.8671 4.5965329926
Management 1428 3.935033 0.3583176 -0.19845 4.5968355492
Shareholders 1428 3.914706 0.348605 -0.19845 4.5969363811
ARTunover 1428 2.036142 0.9303155 -1.09888 6.0994334331
AssetTurnover 1428 -0.45497 1.0497133 -3.81867 1.6782492393
CurrentRatio 1428 0.906932 0.7938577 -3.50622 4.2110900227
DtoE 1428 -1.146088 1.6620316 -13.5531 2.0544928322
GrossMargin 1428 -1.074297 0.3492848 -4.60517 0
InterestCoverageRatio 1428 3.82348 2.6514725 -0.86569 15.60694919
InventoryTurnover 1428 2.407894 1.391793 -1.80017 9.0505367555
NetProfitMargin 1428 -2.159547 0.9145943 -5.54309 0.5253246826
PayablesTurnover 1428 3.857306 3.2151009 -0.37768 13.838708365
ROA 1428 -2.605012 0.677433 -5.03442 -0.3137523

Descriptive Statistics Singapore

Variables Observation Mean Std. Dev. Min Max
Probability of Default 420 0.053391 0.0440661 0.00262 0.3719396974
ResourceUse 420 3.546252 0.441742 0.07696 4.5047972118
Emission 420 3.407428 0.7627634 -0.35667 4.5817991997
EnvironmentalInnovation 420 3.253419 0.407782 1.80829 4.5128355748
Community 420 3.668529 0.6866438 0.23902 4.5029159519
HumanRights 420 3.170271 0.2721126 1.981 4.5638272225
ProductResponsibility 420 3.78748 0.4593764 -1.60944 4.6008609144
Workforce 420 3.765455 0.7436324 0.17395 4.5788262106
CSRStrategy 420 3.740918 0.4257509 0.54232 4.5915782325
Management 420 3.896651 0.4317369 0.05827 4.5947157281
Shareholders 420 3.909944 0.5413981 0.08618 4.5947157281
ARTunover 420 2.286871 1.218057 -2.10839 5.9134622605
AssetTurnover 420 -1.296449 1.4765173 -4.56484 2.4483096886
CurrentRatio 420 0.570754 1.118378 -3.11204 4.1826606433
DtoE 420 -0.818255 1.3077066 -10.2404 3.3780706519
GrossMargin 420 -1.09519 0.6931394 -6.03229 0
InterestCoverageRatio 420 3.069957 2.4114364 -0.97968 11.841142291
InventoryTurnover 420 2.370995 1.8376479 -4.45345 7.3277831075
NetProfitMargin 420 -1.62718 1.2959407 -5.84948 1.4407008906
PayablesTurnover 420 3.982658 3.5660878 -0.39623 9.2130456107
ROA 420 -2.908582 0.7808514 -5.16729 -1.396627565
 Descriptive Statistics Indonesia
Variables Observation Mean Std. Dev. Min Max
Probability of Default 549 0.0799984375 0.0658822891 0.0026226823 0.6593238738
ResourceUse 549 3.5756171295 0.3329158775 0.7514160887 4.5864969207
Emission 549 3.5617038742 0.401814938 1.418277407 4.5878205477
EnvironmentalInnovation 549 3.1299039817 0.3856519041 0.7747271676 4.4908810396
Community 549 3.9344013159 0.3863341735 2.3494686789 4.595826671
HumanRights 549 3.1508898739 0.4026274506 0.4700036292 4.565909472
ProductResponsibility 549 3.848854411 0.4944755926 -0.8915981193 4.6037692051
Workforce 549 3.9441535986 0.4184196197 0.2390169005 4.6007604775
CSRStrategy 549 3.644309476 0.5316003036 0.3576744443 4.5911726763
Management 549 3.7901777781 0.6620137546 0.1739533071 4.5935023811
Shareholders 549 3.8305378012 0.5784018912 0.2776317366 4.5931988142
ARTunover 549 2.6037101298 0.9084914963 -0.1301580277 6.1728440016
AssetTurnover 549 -0.8371094084 1.1643289421 -3.3880520589 1.3855928428
CurrentRatio 549 0.9500377391 0.7775830169 -1.2742522173 5.1444083242
DtoE 549 -1.099352306 1.6181073689 -7.605312168 2.4546017861
GrossMargin 549 -1.0544982184 0.4468349173 -2.9159973055 -0.119394759
InterestCoverageRatio 549 2.7675090866 2.8069266366 -4.6111882583 10.956184528
InventoryTurnover 549 2.4311507245 1.4340605533 -1.6674499009 7.7273547203
NetProfitMargin 549 -2.0733301868 0.9177955511 -6.5955025526 -0.03163237
PayablesTurnover 549 4.8172472817 3.6796559045 -0.1019035004 13.161060055
ROA 549 -2.5872411528 0.7645324756 -5.914503506 -0.746358102

Descriptive Statistics Philippines

Variables Observation Mean Std. Dev. Min Max
Probability of Default 270 0.0925758209 0.0607710699 0.0026226823 0.3719396974
ResourceUse 270 3.382979372 0.6210822761 -1.4271163556 4.5245022829
Emission 270 3.3780701706 0.852410171 -1.5141277326 4.5766678255
EnvironmentalInnovation 270 3.2245908317 0.3692993076 2.2710944259 4.2859286446
Community 270 3.9321247961 0.5361070141 1.124929597 4.5912740808
HumanRights 270 3.1192298379 0.3296701093 1.9373017745 4.5864969207
ProductResponsibility 270 3.7769490874 0.4852206835 1.780024213 4.5625757884
Workforce 270 3.6450643613 0.7590713789 0.1484200051 4.5981455711
CSRStrategy 270 3.6966374382 0.4637915049 1.4279160358 4.579852378
Management 270 3.8827562444 0.5980999648 0.652325186 4.5857834722
Shareholders 270 3.7957502254 0.6699310082 0.652325186 4.5857834722
ARTunover 270 2.2108363381 0.9109025406 -0.1018252443 4.1026321643
AssetTurnover 270 -1.4026600445 1.1607554912 -3.3890756333 1.0678695593
CurrentRatio 270 0.8121173718 0.6471852201 -0.9951716147 2.9460166813
DtoE 270 -0.4521424181 1.0880404395 -13.41004545 1.1853152598
GrossMargin 270 -0.9455782383 0.4098474854 -2.7197685941 0
InterestCoverageRatio 270 2.0640602539 2.0108353584 -0.8728721115 8.7042965898
InventoryTurnover 270 2.1513883169 1.6014381105 -2.0565806504 4.7906211934
NetProfitMargin 270 -1.728559526 0.7353696875 -5.8355211894 -0.118794234
PayablesTurnover 270 4.0789515706 3.8180714556 -0.5701637838 9.2168445029
ROA 270 -3.0700396369 0.7594480175 -4.8981998648 -1.681471115

Descriptive Statistics Thailand

Variables Observation Mean Std. Dev. Min Max
Probability of Default 970 0.0749513746 0.052811774 0.0026226823 0.3719396974
ResourceUse 970 3.5751320235 0.3490815214 -0.4780358009 4.5860892982
Emission 970 3.6070989747 0.2747276934 -0.0725706928 4.5981455711
EnvironmentalInnovation 970 3.1517680318 0.254174425 0.6626879731 4.4021968415
Community 970 3.9504843242 0.2852449554 0.8878912574 4.6022659728
HumanRights 970 3.1756144715 0.3072625162 1.4838746895 4.5151360633
ProductResponsibility 970 3.8706021462 0.2814867697 -0.1625189295 4.6009613412
Workforce 970 4.0128118587 0.2038628201 2.4353662042 4.6035689046
CSRStrategy 970 3.7102822468 0.35131114 0.3001045925 4.5678836012
Management 970 3.9146644954 0.3585580664 0.1739533071 4.5942103458
Shareholders 970 3.9023238225 0.3446992145 0.8197798315 4.5942103458
ARTunover 970 2.4735779891 1.3478469693 -1.4930362152 7.7186281947
AssetTurnover 970 -0.5610592875 1.1512310543 -4.2737296057 2.5087410807
CurrentRatio 970 0.7701639761 0.9039021005 -2.2070022231 6.7763359401
DtoE 970 -0.7809267407 1.6989180377 -9.7533448941 2.5030581598
GrossMargin 970 -1.1679696962 0.4106977381 -3.2653203672 -0.105649446
InterestCoverageRatio 970 3.1911881666 2.5260180151 -2.3192227341 13.167761387
InventoryTurnover 970 2.3639035543 1.4771803748 -2.7828048482 7.7913706892
NetProfitMargin 970 -2.1201501835 0.9056445327 -6.596527593 1.0377804183
PayablesTurnover 970 4.5515184952 3.3229606888 0.3557432043 20.278466911
ROA 970 -2.692208748 0.7520629118 -9.3157008876 1.0527313386
 Descriptive Statistics of the ASEAN 5 countries
Variables Observation Mean Std. Dev. Min Max
Probability of Default 3637.00 0.07 0.05 0.00 0.66
ResourceUse 3637.00 36.51 11.89 0.24 98.15
Emission 3637.00 37.37 12.36 0.22 99.30
EnvironmentalInnovation 3637.00 24.71 10.34 1.94 91.18
Community 3637.00 52.32 14.70 1.10 99.71
HumanRights 3637.00 24.92 11.69 1.60 98.15
ProductResponsibility 3637.00 48.87 13.67 0.20 99.90
Workforce 3637.00 54.23 14.39 1.07 99.84
CSRStrategy 3637.00 43.28 13.00 1.35 99.14
Management 3637.00 52.61 14.49 0.82 99.17
Shareholders 3637.00 52.12 14.58 0.82 99.18
ARTunover 3637.00 21.51 76.76 0.12 2249.87
AssetTurnover 3637.00 0.85 0.94 0.01 12.29
CurrentRatio 3637.00 4.00 19.37 0.03 876.85
DtoE 3637.00 0.77 1.09 0.00 29.31
GrossMargin 3637.00 0.36 0.13 0.00 1.00
InterestCoverageRatio 3637.00 2858.12 100425.39 0.01 5998075.29
InventoryTurnover 3637.00 35.66 201.13 0.01 8523.11
NetProfitMargin 3637.00 0.20 0.22 0.00 4.22
PayablesTurnover 3637.00 185988.74 10628265.58 0.57 640953142.00
ROA 3637.00 0.09 0.07 0.00 2.87

Descriptive Statistics Malaysia

Variables Observation Mean Std. Dev. Min Max
Probability of Default 1428.00 0.05 0.04 0.00 0.37
ResourceUse 1428.00 35.71 9.76 0.63 94.90
Emission 1428.00 37.16 8.80 0.31 97.19
EnvironmentalInnovation 1428.00 23.25 5.30 4.49 71.95
Community 1428.00 51.78 11.18 1.10 98.09
HumanRights 1428.00 24.44 10.82 2.21 95.60
ProductResponsibility 1428.00 48.35 11.67 3.36 99.90
Workforce 1428.00 54.94 10.93 1.07 99.79
CSRStrategy 1428.00 43.53 11.75 2.38 99.14
Management 1428.00 53.23 11.69 0.82 99.17
Shareholders 1428.00 52.05 10.98 0.82 99.18
ARTunover 1428.00 11.95 18.34 0.33 445.61
AssetTurnover 1428.00 0.92 0.69 0.02 5.36
CurrentRatio 1428.00 3.40 4.31 0.03 67.43
DtoE 1428.00 0.63 0.78 0.00 7.80
GrossMargin 1428.00 0.36 0.10 0.01 1.00
InterestCoverageRatio 1428.00 5762.30 159246.02 0.42 5998075.29
InventoryTurnover 1428.00 48.31 295.46 0.17 8523.11
NetProfitMargin 1428.00 0.17 0.16 0.00 1.69
PayablesTurnover 1428.00 9527.09 58892.39 0.69 1023468.97
 ROA 1428.00 0.09 0.06 0.01 0.73

Descriptive Statistics Singapore

Variables Observation Mean Std. Dev. Min Max
Probability of Default 420.00 0.05 0.04 0.00 0.37
ResourceUse 420.00 37.50 14.01 1.08 90.45
Emission 420.00 36.13 16.50 0.70 97.69
EnvironmentalInnovation 420.00 28.73 16.67 6.10 91.18
Community 420.00 45.58 18.21 1.27 90.28
HumanRights 420.00 24.96 10.38 7.25 95.95
ProductResponsibility 420.00 47.23 14.29 0.20 99.57
Workforce 420.00 50.84 19.93 1.19 97.40
CSRStrategy 420.00 44.94 14.62 1.72 98.65
Management 420.00 52.91 17.72 1.06 98.96
Shareholders 420.00 55.00 19.65 1.09 98.96
ARTunover 420.00 19.15 31.91 0.12 369.98
AssetTurnover 420.00 0.75 1.53 0.01 11.57
CurrentRatio 420.00 3.34 6.11 0.04 65.54
DtoE 420.00 0.81 1.84 0.00 29.31
GrossMargin 420.00 0.39 0.18 0.00 1.00
InterestCoverageRatio 420.00 709.93 6834.03 0.38 138849.00
InventoryTurnover 420.00 32.04 93.07 0.01 1522.00
NetProfitMargin 420.00 0.38 0.44 0.00 4.22
PayablesTurnover 420.00 2928.64 4434.17 0.67 10027.09
ROA 420.00 0.07 0.04 0.01 0.25
 Descriptive Statistics Indonesia
Variables Observation Mean Std. Dev. Min Max
Probability of Default 549.00 0.08 0.07 0.00 0.66
ResourceUse 549.00 37.72 13.96 2.12 98.15
Emission 549.00 37.82 14.21 4.13 98.28
EnvironmentalInnovation 549.00 24.95 13.62 2.17 89.20
Community 549.00 54.58 18.50 10.48 99.07
HumanRights 549.00 25.75 15.00 1.60 96.15
ProductResponsibility 549.00 50.83 17.84 0.41 99.86
Workforce 549.00 54.91 15.79 1.27 99.56
CSRStrategy 549.00 42.30 16.44 1.43 98.61
Management 549.00 50.56 18.88 1.19 98.84
Shareholders 549.00 51.37 18.30 1.32 98.81
ARTunover 549.00 22.00 38.81 0.88 479.55
AssetTurnover 549.00 0.75 0.76 0.03 4.00
CurrentRatio 549.00 4.11 10.88 0.28 171.47
DtoE 549.00 0.76 1.11 0.00 11.64
GrossMargin 549.00 0.38 0.15 0.05 0.89
InterestCoverageRatio 549.00 559.79 2702.48 0.01 57307.37
InventoryTurnover 549.00 34.41 148.06 0.19 2269.59
NetProfitMargin 549.00 0.17 0.12 0.00 0.97
PayablesTurnover 549.00 16300.76 67935.39 0.90 519727.57
ROA 549.00 0.10 0.08 0.00 0.47

Descriptive Statistics Philippines

Variables Observation Mean Std. Dev. Min Max
Probability of Default 270.00 0.09 0.06 0.00 0.37
ResourceUse 270.00 33.80 15.69 0.24 92.25
Emission 270.00 37.06 20.51 0.22 97.19
EnvironmentalInnovation 270.00 27.33 13.93 9.69 72.67
Community 270.00 56.49 20.66 3.08 98.62
HumanRights 270.00 24.23 12.58 6.94 98.15
ProductResponsibility 270.00 47.96 18.06 5.93 95.83
Workforce 270.00 46.55 21.99 1.16 99.30
CSRStrategy 270.00 43.82 16.25 4.17 97.50
Management 270.00 54.43 20.10 1.92 98.08
Shareholders 270.00 51.62 21.69 1.92 98.08
ARTunover 270.00 12.89 9.64 0.90 60.50
AssetTurnover 270.00 0.43 0.43 0.03 2.91
CurrentRatio 270.00 2.75 1.97 0.37 19.03
DtoE 270.00 0.82 0.49 0.00 3.27
GrossMargin 270.00 0.42 0.19 0.07 1.00
InterestCoverageRatio 270.00 207.87 799.94 0.42 6028.76
InventoryTurnover 270.00 19.23 18.23 0.13 120.38
NetProfitMargin 270.00 0.22 0.14 0.00 0.89
PayablesTurnover 270.00 3421.62 4647.25 0.57 10065.25
 ROA 270.00 0.06 0.03 0.01 0.19

Descriptive Statistics Thailand

Variables Observation Mean Std. Dev. Min Max
Probability of Default 970.00 0.07 0.05 0.00 0.37
ResourceUse 970.00 37.31 11.03 0.62 98.11
Emission 970.00 38.05 10.46 0.93 99.30
EnvironmentalInnovation 970.00 24.24 8.29 1.94 81.63
Community 970.00 53.61 11.89 2.43 99.71
HumanRights 970.00 25.33 11.02 4.41 91.39
ProductResponsibility 970.00 49.48 11.73 0.85 99.58
Workforce 970.00 56.39 11.28 11.42 99.84
CSRStrategy 970.00 42.60 10.48 1.35 96.34
Management 970.00 52.24 11.53 1.19 98.91
Shareholders 970.00 51.54 11.34 2.27 98.91
ARTunover 970.00 38.71 140.85 0.22 2249.87
AssetTurnover 970.00 0.95 1.07 0.01 12.29
CurrentRatio 970.00 5.44 35.96 0.11 876.85
DtoE 970.00 0.94 1.14 0.00 12.22
GrossMargin 970.00 0.33 0.10 0.04 0.90
InterestCoverageRatio 970.00 1551.34 21263.16 0.10 523222.14
InventoryTurnover 970.00 23.89 80.93 0.06 2419.63
NetProfitMargin 970.00 0.17 0.17 0.00 2.82
PayablesTurnover 970.00 671890.07 20579900.64 1.43 640953142.00
ROA 970.00 0.08 0.10 0.00 2.87