Table 1

Descriptive statistics

VariableMeanStandard deviationMinMax
Firm age1.6620.3750.3013.302
Firm size5.5810.8013.9008.696
Family share0.5660.1730.2001.000
R&D0.0190.0620.0000.990
Leverage0.5950.1960.0081.453
Depth0.7530.1900.2631.000
ROA0.0940.105−0.6110.551
AMV1.0041.1930.0029.012
Source(s): Authors’ own work

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