Table 2 Descriptive statistics of...

Table 2

Descriptive statistics of matched sample (N = 17,218)

	Mean	SD	P25	Median	P75
PDIFF1	0.5183	0.1470	0.4310	0.5359	0.6264
PDIFF2	0.4469	0.1596	0.3468	0.4632	0.5645
TREAT	0.4971	0.5000	0.0000	0.0000	1.0000
POST	0.5378	0.4986	0.0000	1.0000	1.0000
TFP	2.4781	1.8302	0.0000	3.1787	3.9972
SIZE	10.5680	1.1268	9.7848	10.5101	11.2583
ROA	0.1230	0.1785	0.0212	0.0611	0.1467
LEV	0.5486	0.2563	0.3600	0.5564	0.7434
AGE	2.1195	0.5651	1.7918	2.1972	2.4849
NP	1.0587	0.7571	0.6931	1.0986	1.6094

	Mean	SD	P25	Median	P75
PDIFF1	0.5183	0.1470	0.4310	0.5359	0.6264
PDIFF2	0.4469	0.1596	0.3468	0.4632	0.5645
TREAT	0.4971	0.5000	0.0000	0.0000	1.0000
POST	0.5378	0.4986	0.0000	1.0000	1.0000
TFP	2.4781	1.8302	0.0000	3.1787	3.9972
SIZE	10.5680	1.1268	9.7848	10.5101	11.2583
ROA	0.1230	0.1785	0.0212	0.0611	0.1467
LEV	0.5486	0.2563	0.3600	0.5564	0.7434
AGE	2.1195	0.5651	1.7918	2.1972	2.4849
NP	1.0587	0.7571	0.6931	1.0986	1.6094

Note(s): This table presents the descriptive statistics of the regression variables in our matched sample. We present the mean, standard deviation (SD), 25th percentile (P25), median and 75th percentile (P75) of each regression variable. All continuous variables are winsorized at the 1st and 99th percentiles

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