Table 1.

Summary statistics

VarMeanSD
Innovation0.39910.8479
digital0.68751.1064
short0.71750.1471
TFP8.22361.0876
ROA0.03310.0962
Age2.70730.4257
HHI0.12360.1331
MF−0.06460.9729
Subsidy15.96181.9939
Source: Table 1 by authors

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