Descriptive statistics
| Panel A | Mean | SD | 25th percentile | Median | 75th percentile |
|---|---|---|---|---|---|
| Dependent variables | |||||
| PBT | 19,978 | 175,418 | 459 | 1,451 | 4,362 |
| ln (PBT) | 7.320 | 1.931 | 6.128 | 7.280 | 8.381 |
| Independent variables | |||||
| C subsidiaries | 0.107 | 0.945 | −0.061 | 0.028 | 0.131 |
| Ownership90 | 0.821 | 0.383 | 1.000 | 1.000 | 1.000 |
| TangibleAssets | 60,779 | 522,673 | 219 | 1,482 | 7,217 |
| ln (TangibleAssets) | 7.216 | 2.589 | 5.389 | 7.301 | 8.884 |
| CompExp | 28,670 | 216,564 | 1,351 | 3,373 | 9,170 |
| ln (CompExp) | 8.214 | 1.598 | 7.209 | 8.124 | 9.124 |
| GDP | 25,389 | 5,639 | 22,700 | 23,200 | 31,500 |
| ln (GDP) | 10.117 | 0.227 | 10.030 | 10.052 | 10.358 |
| Panel B | Mean | SD | 25th percentile | Median | 75th percentile |
| Dependent variables | |||||
| PBT | 7,889 | 37,707 | 361 | 1,101 | 3,368 |
| ln (PBT) | 7.014 | 1.866 | 5.889 | 7.004 | 8.122 |
| Independent variables | |||||
| C parent | −0.007 | 0.130 | −0.089 | −0.043 | 0.075 |
| Ownership90 | 0.846 | 0.361 | 1.000 | 1.000 | 1.000 |
| TangibleAssets | 35,725 | 305,914 | 151 | 1,068 | 5,468 |
| ln (TangibleAssets) | 6.876 | 2.513 | 5.017 | 6.974 | 8.607 |
| CompExp | 19,571 | 173,673 | 985 | 2,599 | 6,780 |
| ln (CompExp) | 7.913 | 1.567 | 6.893 | 7.863 | 8.822 |
| GDP | 24,147 | 6,723 | 16,700 | 23,100 | 32,600 |
| ln (GDP) | 10.053 | 0.281 | 9.723 | 10.048 | 10.392 |
| Panel A | Mean | SD | 25th percentile | Median | 75th percentile |
|---|---|---|---|---|---|
| Dependent variables | |||||
| PBT | 19,978 | 175,418 | 459 | 1,451 | 4,362 |
| ln (PBT) | 7.320 | 1.931 | 6.128 | 7.280 | 8.381 |
| Independent variables | |||||
| C subsidiaries | 0.107 | 0.945 | −0.061 | 0.028 | 0.131 |
| Ownership90 | 0.821 | 0.383 | 1.000 | 1.000 | 1.000 |
| TangibleAssets | 60,779 | 522,673 | 219 | 1,482 | 7,217 |
| ln (TangibleAssets) | 7.216 | 2.589 | 5.389 | 7.301 | 8.884 |
| CompExp | 28,670 | 216,564 | 1,351 | 3,373 | 9,170 |
| ln (CompExp) | 8.214 | 1.598 | 7.209 | 8.124 | 9.124 |
| GDP | 25,389 | 5,639 | 22,700 | 23,200 | 31,500 |
| ln (GDP) | 10.117 | 0.227 | 10.030 | 10.052 | 10.358 |
| Panel B | Mean | SD | 25th percentile | Median | 75th percentile |
| Dependent variables | |||||
| PBT | 7,889 | 37,707 | 361 | 1,101 | 3,368 |
| ln (PBT) | 7.014 | 1.866 | 5.889 | 7.004 | 8.122 |
| Independent variables | |||||
| C parent | −0.007 | 0.130 | −0.089 | −0.043 | 0.075 |
| Ownership90 | 0.846 | 0.361 | 1.000 | 1.000 | 1.000 |
| TangibleAssets | 35,725 | 305,914 | 151 | 1,068 | 5,468 |
| ln (TangibleAssets) | 6.876 | 2.513 | 5.017 | 6.974 | 8.607 |
| CompExp | 19,571 | 173,673 | 985 | 2,599 | 6,780 |
| ln (CompExp) | 7.913 | 1.567 | 6.893 | 7.863 | 8.822 |
| GDP | 24,147 | 6,723 | 16,700 | 23,100 | 32,600 |
| ln (GDP) | 10.053 | 0.281 | 9.723 | 10.048 | 10.392 |
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