| Variable | Definitions |
| MV | Market value of equity = number of shares outstanding *share price |
| LN_MV | Natural logarithm of MV |
| RD_AT | R&D Spending devided by Total Assets |
| CAPX_AT | Capital Expenditures devided by Total Assets |
| PPENT_AT | PP&E (Fixed Assets) devided by Total Assets |
| LEV_AT | Total Debt Value devided by Total Assets |
| CASH_AT | Cash value devided by Total Assets |
| q | Tobin's q - a measure of firm value, which is our dependent variable |
| permno | Company's permanent number - a unique identifier for each company |
| equity_tot | Total annual equity compensations of top 5 executives diveded by Total annual pay for all top 5 executives |
| gindex | Anti-takeover provisions index |
| boardsize | Number of directors on board |
| YEAR | Year of data |
| independentp | Percentage of independent directors on board |
| gindex_Mean | Industry average G-index |
vk4queen
VariableDefinitions.xlsx
