Table V Descriptive statistics for...

Table V

Descriptive statistics for selected variables by state ownership type

	TS	Employees	TA	Leverage (%)	SG (%)
Total (mean)	377.96	43.66	664.74	30.44	14.80
SD	925.54	67.12	1888.99	19.69	39.20
Private ownership	295.07	33.74	395.71	31.75	13.64
	694.99	42.62	745.49	21.87	19.15
State control	499.45	58.20	1059.00	28.51	16.48
	1177.43	90.16	2784.75	15.84	57.11
Majority	545.06	60.67	1185.33	28.06	17.56
	1259.96	96.10	2977.96	13.04	60.90
Minority	212.14	42.69	263.11	31.40	9.66
	187.57	31.26	255.45	28.04	20.83
Federal ownership	575.83	65.71	1245.84	30.52	18.62
	1296.35	98.11	3068.24	15.53	63.17
Regional ownership	223.91	35.61	276.39	12.37	5.36
	230.63	31.83	323.57	7.95	13.35
Mixed ownership	131.22	17.52	266.84	27.78	9.60
	66.36	13.42	112.28	15.72	7.45
Direct ownership	872.46	94.77	1923.41	28.90	25.58
	1563.84	114.36	3719.26	17.47	77.70
Indirect ownership	116.09	20.62	170.58	28.12	7.14
	150.81	18.10	188.69	14.08	16.69
Golden share	180.36	27.64	243.33	25.07	19.93
	201.90	29.39	267.60	27.47	22.83

	TS	Employees	TA	Leverage (%)	SG (%)
Total (mean)	377.96	43.66	664.74	30.44	14.80
SD	925.54	67.12	1888.99	19.69	39.20
Private ownership	295.07	33.74	395.71	31.75	13.64
	694.99	42.62	745.49	21.87	19.15
State control	499.45	58.20	1059.00	28.51	16.48
	1177.43	90.16	2784.75	15.84	57.11
Majority	545.06	60.67	1185.33	28.06	17.56
	1259.96	96.10	2977.96	13.04	60.90
Minority	212.14	42.69	263.11	31.40	9.66
	187.57	31.26	255.45	28.04	20.83
Federal ownership	575.83	65.71	1245.84	30.52	18.62
	1296.35	98.11	3068.24	15.53	63.17
Regional ownership	223.91	35.61	276.39	12.37	5.36
	230.63	31.83	323.57	7.95	13.35
Mixed ownership	131.22	17.52	266.84	27.78	9.60
	66.36	13.42	112.28	15.72	7.45
Direct ownership	872.46	94.77	1923.41	28.90	25.58
	1563.84	114.36	3719.26	17.47	77.70
Indirect ownership	116.09	20.62	170.58	28.12	7.14
	150.81	18.10	188.69	14.08	16.69
Golden share	180.36	27.64	243.33	25.07	19.93
	201.90	29.39	267.60	27.47	22.83

Notes: The table reports descriptive statistics (averages and standard deviations) for the following control variables: TS defined as total sales in billion rubles, the number of employees in thousands (Employees), total assets in billion rubles (TA), sales growth (SG) and leverage (Leverage). We report these descriptive statistics for all firm-years (Total), as well as for different state ownership categories. For ownership category definitions, see Table II

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