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ASEAN Cross-Border Mergers and Acquisitions (CBMAs) Success: Corporate Governance Spillover

Table 3: Descriptive statistics and correlation table for Bootstrapping Sub-sample (sample size:61)

Variable Descriptive statistic Correlation Matrix
Mean Med SD Min Max CGIB CGIT CGIG CGIG2 TSIZE TLEVERAGE TTQY1 TRVALUE ADVISOR RELATED
CGIB 3.3233 3.0593 4.7718 -4.3354 8.9733 1.000 .271* -.914** -.883** 0.142 -0.107 -.263* 0.007 0.001 -0.166
CGIT 8.5337 8.8872 1.9555 -2.8163 9.5114 1.000 0.143 0.157 -0.011 -0.126 0.006 0.067 -0.020 0.178
CGIG 5.2104 4.2345 4.6409 0.0641 13.5530 1.000 .974** -0.151 0.057 .273* 0.021 -0.010 0.246
CGIG2 48.3329 17.9311 58.8001 0.0041 183.6850 1.000 -0.144 0.092 .304* 0.021 -0.029 0.225
**. Correlation is significant at the 0.01 level (2-tailed).*. Correlation is significant at the 0.05 level (2-tailed).
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