Table 1 Univariate statistics
From: The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
Panel A: Summary statistics | |||||||
SIZE_IPO | ROA_IPO | LEV_IPO | |||||
No. of obs. | Mean | Median | Mean | Median | Mean | Median | |
Full sample | 1218 | 20.100 | 19.993 | 0.207 | 0.176 | 0.046 | 0.000 |
With foreign residency | 171 | 20.160 | 19.980 | 0.226 | 0.194 | 0.034 | 0.000 |
Without foreign residency | 1047 | 20.090 | 19.995 | 0.204 | 0.172 | 0.048 | 0.000 |
Panel B: Distribution by year of IPO firms | |||||||
Year | Full sample | With foreign residency | Without foreign residency | ||||
2006 | 33 | 2 | 31 | ||||
2007 | 69 | 7 | 62 | ||||
2008 | 57 | 3 | 54 | ||||
2009 | 88 | 13 | 75 | ||||
2010 | 288 | 36 | 252 | ||||
2011 | 257 | 33 | 224 | ||||
2012 | 126 | 25 | 101 | ||||
2013 | 1 | 0 | 1 | ||||
2014 | 106 | 14 | 92 | ||||
2015 | 193 | 38 | 155 | ||||
Total | 1218 | 171 | 1047 | ||||
Panel C: Distribution of residential countries/regions | |||||||
Frequency | |||||||
Hong Kong, China | 50 | ||||||
Canada | 39 | ||||||
United States | 19 | ||||||
Taiwan, China | 18 | ||||||
Australia | 18 | ||||||
Singapore | 14 | ||||||
New Zealand | 6 | ||||||
Philippines | 5 | ||||||
Macao, China | 3 | ||||||
Gambia | 3 | ||||||
Germany | 2 | ||||||
Japan | 2 | ||||||
Guinea Bissau | 2 | ||||||
France | 1 | ||||||
Argentina | 1 | ||||||
Italy | 1 | ||||||
United Kingdom | 1 | ||||||
Unknown | 4 | ||||||
Panel D: Top 10 provinces/municipalities ranked based on number of IPO firms | |||||||
Province | Full sample | With foreign residency | Without foreign residency | ||||
Guangdong | 253 | 50 | 203 | ||||
Zhejiang | 189 | 29 | 160 | ||||
Jiangsu | 163 | 19 | 144 | ||||
Beijing | 117 | 10 | 107 | ||||
Shandong | 73 | 2 | 71 | ||||
Shanghai | 73 | 26 | 47 | ||||
Fujian | 48 | 15 | 33 | ||||
Sichuan | 38 | 3 | 35 | ||||
Anhui | 34 | 2 | 32 | ||||
Hunan | 33 | 3 | 30 | ||||
Other provinces | 197 | 12 | 185 | ||||
Total | 1218 | 171 | 1047 | ||||