Foreign Sales > 0

Foreign Sales = 0

Hedgers

Non-hedgers

Hedgers

Non-hedgers

Mean

2.0069

1.8105

1.5168

1.6857

Std.Dev.

0.9702

1.0122

0.5709

0.5982

N

24

17

18

28

Difference in Mean (t-stat) Hedgers-Non-Hedgers

0.1964

−0.1689