Table 4.

Descriptive statistical result

Difference-in-difference modelMultiple linear regression model
VariablesMeanSDp25p50p75nVariablesMeanSDp25p50p75n
Patents2.5241.8031.0982.7083.8063,567Patents3.2271.8091.9463.4014.344933
SO0.5120.5000113,567Delta(106)0.5600.6890.1440.3300.712933
Post0.4920.5000013,567Vega(106)0.2630.3450.0750.1630.309933
R&D0.0470.07000.0310.0573,567R&D0.0670.0950.0110.0410.079933
Dual0.3310.4710013,567Dual0.3750.484001933
Cash0.2100.1680.0900.1580.2303,567Cash0.1940.1430.0910.1520.252933
Roe0.0930.0950.0500.0890.1373,567Roe0.1040.0870.0610.1020.147933
Grow0.7360.6770.3130.5120.8903,567Grow0.7490.8110.3000.4920.807933
Size21.7681.20020.92121.62422.4713,567Size22.1711.24121.30021.95322.841933
Tech0.5390.4990113,567Tech0.5170.500011933

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