Table 4

Summary statistics

VariableNMeanSDp50MinMax
ΔLnpatent6540.5600.9200.450−1.9803.480
Reform6540.4300.500001
POL6540.3100.460001
BC6540.3300.470001
Lnage6542.5700.4202.6401.3903.330
Lnsize65421.93121.8119.8225.01
Growth6540.3500.7300.200−0.5004.970
Power6541.7100.9201.4300.9906.180
Roa6540.0500.0400.050−0.0900.200
Lev6540.3800.1900.3800.0500.880
Indro6540.3700.0500.3300.3000.570
Lnboard6542.2200.1602.3001.7902.560
Ratio6545.6403.4905.100010

Note(s): Table by authors

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