The Effect of Specific Risk in Various Stages of the Life Cycle of Companies Listed on the Tehran Stock Exchange

Table 3

Descriptive statistics of research variables.

Variable	Symbol	Mean	Median	Maximum	Minimum	SD	Skewness	Kurtosis
Introduction stage	INTRODUCTION	0.046062	0	1	0	0.209776	4.331047	19.75796
Growth stage	GROWTH	0.375929	0	1	0	0.484722	0.512309	1.26246
Maturity stage	MATURE	0.291233	0	1	0	0.454669	0.919008	1.844575
Decline stage	DECLINE	0.054412	0	1	0	0.226995	3.928857	16.43592
Recession stage	SHAKE_OUT	0.231798	0	1	0	0.422294	1.271158	2.615843
Financial leverage	LEVERAGE	0.653551	0.62	2.77	0.01	0.336128	2.247896	11.88641
Return on assets	ROA	10.179	8.88	210.08	-79.73	16.81493	2.263094	33.58215
Market value to the office	M_B	3273231	2325486	1.49 E+08	-5.1 E+07	9220092	11.67427	188.2714
Size	SIZE	14.20214	13.86516	20.30019	10.16654	1.794247	0.949257	3.922603
Governmental possession	SO	76.30782	80.01	100	8.54	16.5932	-1.1648	4.430596
Company age	AGE	35.89599	39	63	8	14.02393	-0.23164	1.792896