Does Signing Auditor’s Reputational Promotion Ease the Financing Constraints of Audited Firms?

Table 2

Descriptive statistics of major variables.

	Mean	Minimum	Median	Maximum	SD
SA index	−3.801	−5.543	−3.798	−1.455	0.253
LEV	0.414	0.00840	0.402	4.026	0.206
ROA	0.054	−1.535	0.053	0.767	0.080
CFO	0.048	−0.888	0.047	0.876	0.074
SOE	0.358	0.000	0.000	1.000	0.479
SIZE	22.230	14.940	22.060	28.640	1.327
TOP1	0.345	0.003	0.326	0.900	0.148
BSIZE	2.119	1.099	2.197	2.996	0.200
OUTDIR	0.377	0.200	0.364	0.800	0.056
DUAL	0.287	0.000	0.000	1.000	0.452

Data source: collected and sorted by the authors.