Summary statistics for select variables
| Variable | N | Mean | Std. dev | Min | Max |
|---|---|---|---|---|---|
| IPO_Rev Market Share | 1,596 | 4.0825 | 3.9059 | 0 | 24.5728 |
| IPO_Num Market Share | 1,596 | 4.0424 | 3.0482 | 0.1567 | 33.3333 |
| CAR6 | 1,596 | 0.2277 | 0.8546 | −1.0069 | 7.1143 |
| CAR12 | 1,595 | 0.1743 | 0.8810 | −1.3058 | 6.8431 |
| CAR18 | 1,485 | 0.1569 | 0.8943 | −1.3735 | 6.4704 |
| Regional Economic Incentives | 1,596 | 0.3753 | 0.4844 | 0 | 1 |
| Central Economic Incentives | 1,596 | 0.2331 | 0.4229 | 0 | 1 |
| Local Economic Incentives | 1,596 | 0.1178 | 0.3225 | 0 | 1 |
| Diff in loc_cen Economic Incentives | 1,596 | −0.1153 | 0.5812 | −1 | 1 |
| CenGov | 1,596 | 0.5746 | 0.4946 | 0 | 1 |
| Rank10 | 1,596 | 0.4160 | 0.4931 | 0 | 1 |
| passrate | 1,596 | 88.4771 | 12.2593 | 0 | 100 |
| lpassrate | 1,596 | 77.5750 | 31.6521 | 0 | 100 |
| FirmAge | 1,596 | 11.2901 | 4.8535 | 0 | 56 |
| SIZE | 1,596 | 20.0913 | 1.2023 | 16.9235 | 27.8044 |
| CR | 1,596 | 1.9518 | 1.5341 | 0 | 20.7166 |
| INV | 1,596 | 0.1722 | 0.1138 | 0 | 0.7912 |
| OCF | 1,596 | 0.1219 | 0.0841 | −0.1991 | 0.6347 |
| ROE | 1,596 | 0.2568 | 0.1040 | 0.0464 | 1.2271 |
| EarnMgmt | 1,596 | 0.0108 | 0.0152 | −0.0183 | 0.1138 |
| LEV | 1,596 | 0.4790 | 0.1693 | 0.0445 | 0.9815 |
| SOE | 1,596 | 0.1034 | 0.3046 | 0 | 1 |
| FirBgd | 1,596 | 0.1460 | 0.4784 | 0 | 3 |
| IPOwait | 1,593 | 25.3101 | 22.5936 | 0 | 369 |
| Variable | Mean | Std. dev | Min | Max | |
|---|---|---|---|---|---|
| IPO_Rev Market Share | 1,596 | 4.0825 | 3.9059 | 0 | 24.5728 |
| IPO_Num Market Share | 1,596 | 4.0424 | 3.0482 | 0.1567 | 33.3333 |
| CAR6 | 1,596 | 0.2277 | 0.8546 | −1.0069 | 7.1143 |
| CAR12 | 1,595 | 0.1743 | 0.8810 | −1.3058 | 6.8431 |
| CAR18 | 1,485 | 0.1569 | 0.8943 | −1.3735 | 6.4704 |
| Regional Economic Incentives | 1,596 | 0.3753 | 0.4844 | 0 | 1 |
| Central Economic Incentives | 1,596 | 0.2331 | 0.4229 | 0 | 1 |
| Local Economic Incentives | 1,596 | 0.1178 | 0.3225 | 0 | 1 |
| Diff in loc_cen Economic Incentives | 1,596 | −0.1153 | 0.5812 | −1 | 1 |
| CenGov | 1,596 | 0.5746 | 0.4946 | 0 | 1 |
| Rank10 | 1,596 | 0.4160 | 0.4931 | 0 | 1 |
| passrate | 1,596 | 88.4771 | 12.2593 | 0 | 100 |
| lpassrate | 1,596 | 77.5750 | 31.6521 | 0 | 100 |
| FirmAge | 1,596 | 11.2901 | 4.8535 | 0 | 56 |
| SIZE | 1,596 | 20.0913 | 1.2023 | 16.9235 | 27.8044 |
| CR | 1,596 | 1.9518 | 1.5341 | 0 | 20.7166 |
| INV | 1,596 | 0.1722 | 0.1138 | 0 | 0.7912 |
| OCF | 1,596 | 0.1219 | 0.0841 | −0.1991 | 0.6347 |
| ROE | 1,596 | 0.2568 | 0.1040 | 0.0464 | 1.2271 |
| EarnMgmt | 1,596 | 0.0108 | 0.0152 | −0.0183 | 0.1138 |
| LEV | 1,596 | 0.4790 | 0.1693 | 0.0445 | 0.9815 |
| SOE | 1,596 | 0.1034 | 0.3046 | 0 | 1 |
| FirBgd | 1,596 | 0.1460 | 0.4784 | 0 | 3 |
| IPOwait | 1,593 | 25.3101 | 22.5936 | 0 | 369 |
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