Descriptive statistics of the control variables
| Annual turnover | Number of employees | Firm age | |||
|---|---|---|---|---|---|
| Up to 500,000 euros | 4.8% | Up to 25 | 30.9% | Up to 10 years | 13.2% |
| From 500,001 to 2,000,000 | 23.4% | 26–50 | 40.5% | 11–25 | 50.6% |
| From 2,000,001 to 5,000,000 | 43.1% | 51–100 | 20.4% | 26–50 | 27.9% |
| More than 5,000,000 | 28.6% | 101–250 | 7.1% | More than 50 | 8.3% |
| More than 250 | 1.1% | ||||
| Mean | 8,829,926.4 | 58.8 | 26.5 | ||
| Annual turnover | Number of employees | Firm age | |||
|---|---|---|---|---|---|
| Up to 500,000 euros | 4.8% | Up to 25 | 30.9% | Up to 10 years | 13.2% |
| From 500,001 to 2,000,000 | 23.4% | 26–50 | 40.5% | 11–25 | 50.6% |
| From 2,000,001 to 5,000,000 | 43.1% | 51–100 | 20.4% | 26–50 | 27.9% |
| More than 5,000,000 | 28.6% | 101–250 | 7.1% | More than 50 | 8.3% |
| More than 250 | 1.1% | ||||
| Mean | 8,829,926.4 | 58.8 | 26.5 | ||
Source(s): Table by authors
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