Table 2 Summary statistics.

From: Financial asset allocation duality and enterprise upgrading: empirical evidence from the Chinese A-share market

Variable

N

Mean

Std. dev.

Min

Median

Max

FIN

9640

0.221

0.152

0.020

0.178

0.728

FIN_S

9640

0.193

0.141

0.013

0.152

0.677

FIN_L

9640

0.027

0.062

0

0.002

0.386

TEP_OP

9640

6.673

0.890

4.593

6.552

9.033

TEP_LP

9640

6.854

0.902

4.776

6.736

9.232

LEV

9640

0.430

0.217

0.046

0.423

0.943

CFO

9640

0.043

0.070

−0.186

0.042

0.234

ROE

9640

0.068

0.111

−0.482

0.071

0.344

TAG

9640

0.229

0.168

0.002

0.196

0.721

SIZE

9640

21.990

1.266

19.511

21.812

25.876

GROW

9640

−0.056

0.310

−0.801

−0.081

1.446

LAB

9640

0.126

0.088

0.010

0.106

0.505

AGE

9640

2.799

0.406

1.946

2.833

3.401

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