RDP 2018-05: Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data Appendix A: Summary Statistics
April 2018
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Table A1 displays median assets and gearing for our sample, along with the ‘population’ counterparts based on all listed companies contained in the Morningstar database (excluding companies in the financial and resource-related sectors).
| Assets ($m) | Gearing (%) | ||||
|---|---|---|---|---|---|
| Sample | Morningstar(a) | Sample | Morningstar(a) | ||
| 2004 | 28.6 | 36.7 | 26.7 | 38.5 | |
| 2005 | 36.7 | 41.6 | 29.9 | 42.6 | |
| 2006 | 39.6 | 44.7 | 35.5 | 45.8 | |
| 2007 | 41.8 | 45.5 | 39.0 | 48.7 | |
| 2008 | 39.2 | 48.5 | 46.8 | 55.1 | |
| 2009 | 44.8 | 45.7 | 46.5 | 47.4 | |
| 2010 | 41.9 | 43.3 | 42.5 | 42.7 | |
| 2011 | 57.7 | 38.6 | 35.6 | 42.2 | |
| 2012 | 52.5 | 34.0 | 39.3 | 42.4 | |
| 2013 | 49.5 | 39.6 | 42.2 | 40.9 | |
| 2014 | 58.0 | 41.0 | 39.6 | 37.2 | |
| 2015 | 54.8 | 44.1 | 25.7 | 37.8 | |
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Note: (a) Excludes financial and resource companies Sources: Authors' calculations; Morningstar |
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