Table 1 Descriptive statistics.
Variable | N | Mean | SD | Min | P25 | P50 | P75 | Max |
|---|---|---|---|---|---|---|---|---|
Radical innovation | 10500 | 2.386 | 3.553 | 0.000 | 1.099 | 1.946 | 2.640 | 3.989 |
Entrepreneurial orientation | 10500 | 0.157 | 0.569 | 0.002 | 0.070 | 0.113 | 0.205 | 0.995 |
CEO duality | 10500 | 0.310 | 0.463 | 0.000 | 0.000 | 0.000 | 1.000 | 1.000 |
Board independence | 10500 | 0.351 | 0.054 | 0.143 | 0.333 | 0.333 | 0.429 | 0.800 |
Board ownership | 10500 | 0.142 | 0.208 | 0.000 | 0.000 | 0.031 | 0.316 | 0.914 |
Board size | 10500 | 8.428 | 1.574 | 4.000 | 7.000 | 9.000 | 9.000 | 17.000 |
Firm size | 10500 | 21.989 | 1.177 | 17.641 | 21.147 | 21.836 | 22.638 | 27.468 |
Firm age | 10500 | 18.588 | 5.590 | 2.918 | 14.879 | 18.049 | 21.655 | 64.293 |
Firm grow | 10500 | 0.251 | 4.100 | −0.991 | −0.010 | 0.108 | 0.256 | 3.099 |
State ownership | 10500 | 0.252 | 0.434 | 0.000 | 0.000 | 0.000 | 1.000 | 1.000 |
Leverage | 10500 | 0.388 | 0.230 | 0.000 | 0.230 | 0.371 | 0.525 | 10.495 |
Ownership concentration | 10500 | 0.488 | 0.148 | 0.056 | 0.380 | 0.486 | 0.590 | 0.975 |
