Two-group mean comparison test table
| Variables | G1 (non-founder-CEO firms) | Mean1 | G2 (founder-CEO firms) | Mean2 | MeanDiff |
|---|---|---|---|---|---|
| medianeg | 393 | 13.0051 | 805 | 14.9814 | –1.9763* |
| mediapos | 393 | 28.6514 | 805 | 32.9565 | –4.3051** |
| CEOpay | 393 | 7.00E + 05 | 805 | 6.10E + 05 | 8.6e + 04** |
| CEOtenHigh | 393 | 0.3003 | 805 | 0.7081 | –0.4078*** |
| Duality | 393 | 0.1858 | 805 | 0.4534 | –0.2677*** |
| profit_medIn | 393 | 0.5089 | 805 | 0.5031 | 0.0058 |
| SIZE | 393 | 21.7369 | 805 | 21.5419 | 0.1950*** |
| LEV | 393 | 0.4628 | 805 | 0.3387 | 0.1241*** |
| EPS | 393 | 0.3372 | 805 | 0.4181 | –0.0809** |
| Ind | 393 | 0.3745 | 805 | 0.3771 | –0.0026 |
| CurAsRa | 393 | 0.5853 | 805 | 0.6083 | –0.0230** |
| TAturnover | 393 | 0.6327 | 805 | 0.5846 | 0.0481 |
| Variables | G1 | Mean1 | G2 | Mean2 | MeanDiff |
|---|---|---|---|---|---|
| 393 | 13.0051 | 805 | 14.9814 | –1.9763 | |
| 393 | 28.6514 | 805 | 32.9565 | –4.3051 | |
| 393 | 7.00E + 05 | 805 | 6.10E + 05 | 8.6e + 04 | |
| 393 | 0.3003 | 805 | 0.7081 | –0.4078 | |
| 393 | 0.1858 | 805 | 0.4534 | –0.2677 | |
| 393 | 0.5089 | 805 | 0.5031 | 0.0058 | |
| 393 | 21.7369 | 805 | 21.5419 | 0.1950 | |
| 393 | 0.4628 | 805 | 0.3387 | 0.1241 | |
| 393 | 0.3372 | 805 | 0.4181 | –0.0809 | |
| 393 | 0.3745 | 805 | 0.3771 | –0.0026 | |
| 393 | 0.5853 | 805 | 0.6083 | –0.0230 | |
| 393 | 0.6327 | 805 | 0.5846 | 0.0481 |
Notes:
p < 0.10;
p < 0.05;
p < 0.01
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