Table 3

Descriptive summary of dependent and independent variables

VariableObservationsMeanStd. DevMinMax
diq_site10,635.0014.806.30–34.50
diq_mobile10,635.008.204.90–25.30
diq_marketing10,635.0013.305.40–38.90
diq_social10,635.006.904.30–28.00
NumofRecords9,705.0051,504.002,265,985.00–150,000,000.00
PatCite10,635.0010.50181.10–8,776.00
lggw10,635.000.602.00–11.90
log_rev10,635.001.102.90–13.20
lgacq10,614.001.200.800.6010.50

Note(s): Lggw = Log of Goodwill

Log_rev = Log of Revenue

Lgacq = Log of Acquisitions

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