Table 1 Descriptive summary Panel A:...

Table 1

Descriptive summary

Panel A: headquarter countries of sample firms^a
Country	%	Country	%
China	25.57	Thailand	2.15
South Korea	14.10	Hong Kong	2.03
Japan	13.14	Germany	1.91
India	13.02	Turkey	1.55
Taiwan	6.69	Rest of the world	15.05
United States	5.50

Panel A: headquarter countries of sample firms^a
Country	%	Country	%
China	25.57	Thailand	2.15
South Korea	14.10	Hong Kong	2.03
Japan	13.14	Germany	1.91
India	13.02	Turkey	1.55
Taiwan	6.69	Rest of the world	15.05
United States	5.50

Panel B: industry representation^a
GICS industry name	%
Automobiles^b	14.83
Automobile components^b	85.17

Panel B: industry representation^a
Automobiles^b	14.83
Automobile components^b	85.17

Panel C: sample statistics^c (year 2021)
Variable	Mean	SD	Min	Max
Market value ($M)	199643.1	3,949,886	8.9	89,700,000
Sales ($M)	40620.5	195,508	0.06	3,049,000
Total assets ($M)	51973.9	253036.3	4.0	4,081,000
Net income ($M)	1626.6	12867.9	−36020.0	201,000
Employees (000s)	21.0	55.5	0.01	672.8

Panel C: sample statistics^c (year 2021)
Variable	Mean	SD	Min	Max
Market value ($M)	199643.1	3,949,886	8.9	89,700,000
Sales ($M)	40620.5	195,508	0.06	3,049,000
Total assets ($M)	51973.9	253036.3	4.0	4,081,000
Net income ($M)	1626.6	12867.9	−36020.0	201,000
Employees (000s)	21.0	55.5	0.01	672.8

Note(s):

n = 837;

Mainly headquarted in China (26.23%) and the US (13.93%) for automobiles and in China (25.45%), South Korea (16.08%) and Japan (13.99%) for automobile components;

n = 495 eligible for regression analysis

Source(s): Authors’ own creation

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