| Category | Variables | Description | |
| Financial | Net Income (NI) | These variables are | |
| Operating Income (OPI) | used to classify a firm as | ||
| Working Capital (WC) | distressed/healthy. | ||
| Equity Shareholders (ES) | |||
| Retained Earnings (RE) | |||
| Cash Flow (CF) | |||
| Operating Activities Cash Flow (OACF) | |||
| CSR dimensions | Strengths | Concerns | |
| COM-str* | COM-con** | The dimensions of CSR are used to plot | |
| CGOV-str | CGOV-con | the evolution of both | |
| DIV-str | DIV-con | groups of firms. | |
| EMP-str | EMP-con | These variables are also | |
| ENV-str | ENV-con | used in the testing of our | |
| HUM-str | HUM-con | hypotheses. | |
| PRO-str | PRO-con | ||