Table 2

Summary statistics

VariableObsMeanSDMinP5MedianP95Max
LnSGA292400.1360.26−0.789−0.2270.1190.5531.242
LnIncome292400.1210.335−1.047−0.3570.1070.6371.53
D292400.2840.45100011
Treat292400.4190.49300011
Post292400.6630.47300111
D_Twoyear292400.1180.32200011
Eco_Growth292400.1140.0430.070.070.0970.1840.231
Employ_Inten292401.5741.5310.0550.1871.1734.22311.29
Asset_Inten292402.6132.5530.3830.6591.8976.73818.49
ROA292400.0360.076−0.34−0.0820.0370.1440.224
Lev292400.4530.2190.0570.1140.4460.8151.107
MKI292407.8721.7852.984.547.949.9710.8
Firsthold292400.3450.1490.0890.1340.3230.6180.749
Ind292400.3730.0530.2730.3330.3330.4620.571
Dual292400.2430.42900011
Mshare292400.0560.1240000.3740.569

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