Summary statistics
| Variable | Observations | Mean | SD | Min | Max |
|---|---|---|---|---|---|
| Digital1 | 32,192 | 1.422 | 1.401 | 0 | 6.301 |
| Digital2 | 32,192 | 0.662 | 0.473 | 0 | 1 |
| CR | 32,192 | 2.767 | 0.487 | 1.414 | 4.554 |
| Size | 32,192 | 22.17 | 1.316 | 18.98 | 26.16 |
| Leverage | 32,192 | 0.433 | 0.212 | 0.0502 | 0.955 |
| Roe | 32,192 | 0.0541 | 0.159 | −0.915 | 0.439 |
| First | 32,192 | 34.07 | 14.85 | 8.500 | 74.98 |
| Board | 32,192 | 0.376 | 0.0537 | 0.333 | 0.571 |
| Age | 32,192 | 17.97 | 5.738 | 5 | 33 |
| Growth | 32,192 | 0.190 | 0.466 | −0.618 | 3.030 |
| Duality | 32,192 | 0.276 | 0.447 | 0 | 1 |
| Soe | 32,192 | 0.369 | 0.483 | 0 | 1 |
| GDP | 32,192 | 0.0851 | 0.0632 | −0.251 | 0.291 |
| Variable | Observations | Mean | Min | Max | |
|---|---|---|---|---|---|
| Digital1 | 32,192 | 1.422 | 1.401 | 0 | 6.301 |
| Digital2 | 32,192 | 0.662 | 0.473 | 0 | 1 |
| 32,192 | 2.767 | 0.487 | 1.414 | 4.554 | |
| Size | 32,192 | 22.17 | 1.316 | 18.98 | 26.16 |
| Leverage | 32,192 | 0.433 | 0.212 | 0.0502 | 0.955 |
| Roe | 32,192 | 0.0541 | 0.159 | −0.915 | 0.439 |
| First | 32,192 | 34.07 | 14.85 | 8.500 | 74.98 |
| Board | 32,192 | 0.376 | 0.0537 | 0.333 | 0.571 |
| Age | 32,192 | 17.97 | 5.738 | 5 | 33 |
| Growth | 32,192 | 0.190 | 0.466 | −0.618 | 3.030 |
| Duality | 32,192 | 0.276 | 0.447 | 0 | 1 |
| Soe | 32,192 | 0.369 | 0.483 | 0 | 1 |
| 32,192 | 0.0851 | 0.0632 | −0.251 | 0.291 |
This table reports summary statistics of the variables used in the baseline analysis