An Empirical Analysis of Firm-Specific Factors and Equity Premium: Evidence from Manufacturing Sector of Pakistan

Table 1

Descriptive statistics.

Variables	Mean	Stand deviation	Minimum	Maximum	Skewnes	Kurtosis
Equity premium	0.0451	0.6056	−3.86	5.39	0.173	3.693
Market premium	0.1957	0.3959	−1.01	0.71	−1.863	3.473
Return on equity	0.0069	5.1731	−324.64	28.93	−58.059	3.627
Quick ratio	0.5141	2.9516	0.00	184.00	56.335	3.489
Dividend payout ratio	2.9582	14.9081	0.00	749.71	31.940	1.489
Debt-to-equity ratio	1.4811	41.8672	−23.38	342.00	−38.602	1.732
A/C turnover ratio	1.1876	1.1357	0.00	21.06	7.037	3.557
Size	7.3540	1.7636	−0.11	12.76	−0.092	1.123