Table 5. Open in new tab Summary...

Table 5.

Summary statistiSummary statistics and correlation matrix of cross-sectionalross-sectional variables

Panel A: summary statistics
	N	Mean	Median	Std. dev.	Min	Max
CAR[0,+1]	322	−0.1221	−0.0900	0.1578	−0.6443	0.1891
POLCON	322	0.7636	0.8396	0.1755	0.0000	0.8542
MCAP	322	3.3521	3.0692	1.5958	–0.2231	11.9552
FOCUS	322	0.5074	0.4750	0.3245	0.0256	1.0000
ADV	322	0.0745	0	0.2630	0	1
POT	322	0.0497	0	0.2176	0	1
PRD	322	0.0248	0	0.1559	0	1
CAN	322	0.4379	0	0.4967	0	1
EUD	322	0.8153	0.0221	1.3522	0.0000	14.1709
Panel B: correlation matrix
	*CAR*	*POLCON*	*MCAP*	*FOCUS*	*ADV*	*POT*	*PRD*	*CAN*
CAR[0,+1]
POLCON	0.0955
MCAP	−0.2247*	−0.1477
FOCUS	−0.4043*	−0.1299	0.1036
ADV	−0.3029*	−0.0981	0.2022*	0.2623*
POT	−0.2760*	−0.1128	0.2492*	0.1778	−0.0649
PRD	−0.0589	−0.1208	0.5202*	0.1273	−0.0453	−0.0365
CAN	0.0224	−0.0039	−0.0505	−0.0135	0.0117	−0.0578	0.0200
EUD	0.0440	0.1473	0.0058	−0.0508	−0.0878	−0.1177	0.2564*	0.6484*

Panel A: summary statistics
	N	Mean	Median	Std. dev.	Min	Max
CAR[0,+1]	322	−0.1221	−0.0900	0.1578	−0.6443	0.1891
POLCON	322	0.7636	0.8396	0.1755	0.0000	0.8542
MCAP	322	3.3521	3.0692	1.5958	–0.2231	11.9552
FOCUS	322	0.5074	0.4750	0.3245	0.0256	1.0000
ADV	322	0.0745	0	0.2630	0	1
POT	322	0.0497	0	0.2176	0	1
PRD	322	0.0248	0	0.1559	0	1
CAN	322	0.4379	0	0.4967	0	1
EUD	322	0.8153	0.0221	1.3522	0.0000	14.1709
Panel B: correlation matrix
	*CAR*	*POLCON*	*MCAP*	*FOCUS*	*ADV*	*POT*	*PRD*	*CAN*
CAR[0,+1]
POLCON	0.0955
MCAP	−0.2247*	−0.1477
FOCUS	−0.4043*	−0.1299	0.1036
ADV	−0.3029*	−0.0981	0.2022*	0.2623*
POT	−0.2760*	−0.1128	0.2492*	0.1778	−0.0649
PRD	−0.0589	−0.1208	0.5202*	0.1273	−0.0453	−0.0365
CAN	0.0224	−0.0039	−0.0505	−0.0135	0.0117	−0.0578	0.0200
EUD	0.0440	0.1473	0.0058	−0.0508	−0.0878	−0.1177	0.2564*	0.6484*

This table reports the summary statistics and correlation coefficients for the variables used in the cross-sectional analysis. POLCON is firm-specific exposure to political constraint. MCAP is the natural log of the market value of equity. FOCUS is the firm’s operational focus on uranium. ADV is a dummy variable for advanced explorers. POT is a dummy variable for potential producers. PRD is a dummy variable for producers. CAN is a dummy variable for Canadian-listed firms. EUD is firm-specific country exposure to uranium dependence.

indicates significance at the 1% level.

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