Table 2 Descriptive statistics N Min....

Table 2

Descriptive statistics

	N	Min.	Median	Max.	Mean	s.d.
${R e v Y e a r 0}_{i}$	797	0.00	250.0	25,999.5	1502.3	2213.6
${R e v Y e a r 3}_{i}$	816	0.00	749.5	200,999.5	2894.3	12,431.3
${R e v Y e a r 5}_{i}$	787	0.00	749.5	200,999.5	3815.2	16,235.2
${E m p Y e a r 0}_{i}$	814	0.00	2.5	74.50	2.910	5.109
${E m p Y e a r 3}_{i}$	848	0.00	2.5	149.5	4.336	10.71
${E m p Y e a r 5}_{i}$	831	0.00	2.5	149.5	4.975	12.20
${R e v G r o w t h 3}_{i}$	772	−8.006	0	12.21	0.391	2.580
${R e v G r o w t h 5}_{i}$	743	−8.006	0	9.680	0.376	2.829
${E m p G r o w t h 3}_{i}$	814	−3.541	0	3.395	0.097	0.781
${E m p G r o w t h 5}_{i}$	798	−2.674	0	3.541	0.145	0.918
${S e c t o r S p e c L}_{i k t}$	838	0.00	0.375	1.00	0.398	0.265
${S e c t o r S p e c S}_{i k t}$	838	0.00	0.118	1.00	0.202	0.233
${F o u n d e r S p e c}_{i k t}$	838	0.00	0.283	1.00	0.323	0.249
${B a c k g r o u n d s}_{i k t}$	838	0	3	4	2.868	1.213
${R e s e a r c h e r}_{i}$	852	0	0	1	0.170	0.376
${S t u d e n t}_{i}$	852	0	0	1	0.132	0.338
${U n i v E m p l o y e e}_{i}$	852	0	0	1	0.105	0.306
${I n v e n t o r}_{i}$	852	0	0	1	0.220	0.414
${S p i n o f f}_{i}$	852	0	0	1	0.374	0.484
${R e s E x p o s u r e}_{i k}$	852	0.00	0.175	0.875	0.193	0.159
${S e l e c t i v i t y}_{i k t}$	838	0	8.133	124	11.89	15.98
${I n c T i m e}_{i}$	852	1	24	99	26.81	16.72
${I n c A g e}_{k}$	852	0	12	31	12.91	6.760
${I n c E m p}_{i k}$	852	0	6.5	20	6.896	3.414
${U n i v e r s i t y}_{k}$	852	0	1	1	0.605	0.489

	N	Min.	Median	Max.	Mean	s.d.
${R e v Y e a r 0}_{i}$	797	0.00	250.0	25,999.5	1502.3	2213.6
${R e v Y e a r 3}_{i}$	816	0.00	749.5	200,999.5	2894.3	12,431.3
${R e v Y e a r 5}_{i}$	787	0.00	749.5	200,999.5	3815.2	16,235.2
${E m p Y e a r 0}_{i}$	814	0.00	2.5	74.50	2.910	5.109
${E m p Y e a r 3}_{i}$	848	0.00	2.5	149.5	4.336	10.71
${E m p Y e a r 5}_{i}$	831	0.00	2.5	149.5	4.975	12.20
${R e v G r o w t h 3}_{i}$	772	−8.006	0	12.21	0.391	2.580
${R e v G r o w t h 5}_{i}$	743	−8.006	0	9.680	0.376	2.829
${E m p G r o w t h 3}_{i}$	814	−3.541	0	3.395	0.097	0.781
${E m p G r o w t h 5}_{i}$	798	−2.674	0	3.541	0.145	0.918
${S e c t o r S p e c L}_{i k t}$	838	0.00	0.375	1.00	0.398	0.265
${S e c t o r S p e c S}_{i k t}$	838	0.00	0.118	1.00	0.202	0.233
${F o u n d e r S p e c}_{i k t}$	838	0.00	0.283	1.00	0.323	0.249
${B a c k g r o u n d s}_{i k t}$	838	0	3	4	2.868	1.213
${R e s e a r c h e r}_{i}$	852	0	0	1	0.170	0.376
${S t u d e n t}_{i}$	852	0	0	1	0.132	0.338
${U n i v E m p l o y e e}_{i}$	852	0	0	1	0.105	0.306
${I n v e n t o r}_{i}$	852	0	0	1	0.220	0.414
${S p i n o f f}_{i}$	852	0	0	1	0.374	0.484
${R e s E x p o s u r e}_{i k}$	852	0.00	0.175	0.875	0.193	0.159
${S e l e c t i v i t y}_{i k t}$	838	0	8.133	124	11.89	15.98
${I n c T i m e}_{i}$	852	1	24	99	26.81	16.72
${I n c A g e}_{k}$	852	0	12	31	12.91	6.760
${I n c E m p}_{i k}$	852	0	6.5	20	6.896	3.414
${U n i v e r s i t y}_{k}$	852	0	1	1	0.605	0.489

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