Research data description
| Year | N | Year | N | Year | N |
|---|---|---|---|---|---|
| A. Annual number of firms | |||||
| 2008 | 57 | 2012 | 140 | 2016 | 171 |
| 2009 | 79 | 2013 | 141 | 2017 | 188 |
| 2010 | 112 | 2014 | 146 | ||
| 2011 | 124 | 2015 | 160 | ||
| Year | Year | Year | |||
|---|---|---|---|---|---|
| 2008 | 57 | 2012 | 140 | 2016 | 171 |
| 2009 | 79 | 2013 | 141 | 2017 | 188 |
| 2010 | 112 | 2014 | 146 | ||
| 2011 | 124 | 2015 | 160 | ||
| Industry | N | % | Industry | N | % |
|---|---|---|---|---|---|
| B. Industry distribution | |||||
| Oil & Gas | 11 | 0.8 | Health care | 58 | 4.4 |
| Basic materials | 207 | 15.7 | Consumer services | 82 | 6.2 |
| Industrials | 482 | 36.6 | Utilities | 117 | 8.9 |
| Consumer goods | 331 | 25.1 | Technology | 30 | 2.3 |
| Industry | % | Industry | % | ||
|---|---|---|---|---|---|
| Oil & Gas | 11 | 0.8 | Health care | 58 | 4.4 |
| Basic materials | 207 | 15.7 | Consumer services | 82 | 6.2 |
| Industrials | 482 | 36.6 | Utilities | 117 | 8.9 |
| Consumer goods | 331 | 25.1 | Technology | 30 | 2.3 |
| Mean | Median | S.D. | Min | Max | |
|---|---|---|---|---|---|
| C. Descriptive statistics | |||||
| P_Independent | 0.39 | 0.00 | 0.49 | 0.00 | 1.00 |
| N_Independent | 0.79 | 0.00 | 1.20 | 0.00 | 5.00 |
| Own_insider | 0.10 | 0.12 | 0.16 | 0.00 | 0.64 |
| Own_state | 0.22 | 0.07 | 0.25 | 0.00 | 0.75 |
| Own_foreign | 0.13 | 0.12 | 0.15 | 0.00 | 0.65 |
| Board_size | 5.78 | 5.00 | 1.37 | 3.00 | 11.00 |
| Mar_cap | 26.89 | 26.70 | 1.40 | 24.75 | 30.28 |
| ROA | 0.07 | 0.06 | 0.06 | −0.04 | 0.24 |
| Leverage | 0.48 | 0.50 | 0.21 | 0.07 | 0.83 |
| Duality | 0.04 | 0.04 | 0.19 | 0.00 | 1.00 |
| Mean | Median | S.D. | Min | Max | |
|---|---|---|---|---|---|
| 0.39 | 0.00 | 0.49 | 0.00 | 1.00 | |
| 0.79 | 0.00 | 1.20 | 0.00 | 5.00 | |
| Own_insider | 0.10 | 0.12 | 0.16 | 0.00 | 0.64 |
| Own_state | 0.22 | 0.07 | 0.25 | 0.00 | 0.75 |
| Own_foreign | 0.13 | 0.12 | 0.15 | 0.00 | 0.65 |
| Board_size | 5.78 | 5.00 | 1.37 | 3.00 | 11.00 |
| Mar_cap | 26.89 | 26.70 | 1.40 | 24.75 | 30.28 |
| ROA | 0.07 | 0.06 | 0.06 | −0.04 | 0.24 |
| Leverage | 0.48 | 0.50 | 0.21 | 0.07 | 0.83 |
| Duality | 0.04 | 0.04 | 0.19 | 0.00 | 1.00 |
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