Table 8 Descriptive statistics results.
Variables | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
N | mean | sd | min | max | |
Size | 37,994 | 22.1053 | 1.4101 | 10.8422 | 29.9477 |
Lev | 37,994 | 0.4630 | 1.5862 | − 0.1947 | 178.3455 |
ROA | 37,994 | 0.0422 | 0.3782 | − 64.8192 | 20.7876 |
REC | 37,994 | 0.1156 | 0.1043 | 0.0000 | 0.9750 |
Top1 | 37,994 | 0.3479 | 0.1515 | 0.0029 | 0.8999 |
SOE | 37,994 | 0.3779 | 0.4849 | 0.0000 | 1.0000 |
FirmAge | 37,994 | 2.8367 | 0.3784 | 0.0000 | 4.1589 |
Mfee | 37,994 | 0.3789 | 23.2718 | − 0.7569 | 3,404.6113 |
ln_digi | 37,994 | 0.7553 | 1.1787 | 0.0000 | 6.2596 |
overseainc | 37,994 | 0.1258 | 0.2098 | − 0.5142 | 1.3186 |
hhi_d | 37,994 | 0.1071 | 0.1286 | 0.0142 | 1.0000 |
ln_digi2 | 37,994 | 1.1911 | 1.3617 | 0.0000 | 6.3008 |
ecycle | 37,994 | 0.9394 | 0.2385 | 0.0000 | 1.0000 |
Number of code | 4383 | 4383 | 4383 | 4383 | 4383 |
