Table 2 Descriptive statistics of main variables
From: The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
Variable | No. of obs. | Mean | Median | Std. Dev. | P25 | P75 |
|---|---|---|---|---|---|---|
DUMMY_ID | 1218 | 0.140 | 0.000 | 0.348 | 0.000 | 0.000 |
SIZE_IPO | 1215 | 20.100 | 19.993 | 0.871 | 19.489 | 20.586 |
ROA_IPO | 1215 | 0.207 | 0.176 | 0.129 | 0.123 | 0.252 |
LEV_IPO | 1196 | 0.046 | 0.000 | 0.078 | 0.000 | 0.065 |
FIRM_AGE | 1218 | 9.225 | 8.942 | 5.148 | 5.359 | 12.532 |
OVERSEAS_STUDY | 1213 | 0.073 | 0.000 | 0.261 | 0.000 | 0.000 |
OVERSEAS_WORK | 1214 | 0.065 | 0.000 | 0.247 | 0.000 | 0.000 |
MULTISHAREHOLDERS | 1214 | 0.425 | 0.000 | 0.495 | 0.000 | 1.000 |
DUMMY_SH | 1218 | 0.060 | 0.000 | 0.237 | 0.000 | 0.000 |
DUMMY_FJ_GD | 1218 | 0.209 | 0.000 | 0.407 | 0.000 | 0.000 |
BHAR_3YEAR | 917 | 0.399 | 0.083 | 1.160 | −0.212 | 0.624 |
TREATED | 918 | 0.130 | 0.000 | 0.336 | 0.000 | 0.000 |
UNDERPRICE_MKTADJ | 918 | 0.558 | 0.330 | 0.754 | 0.115 | 0.721 |
OFFER_SIZE | 918 | 17.161 | 17.099 | 0.547 | 16.760 | 17.504 |
LEADERUNDERWRITER | 918 | 0.386 | 0.000 | 0.487 | 0.000 | 1.000 |
LOG_SALES | 5513 | 20.231 | 20.118 | 1.058 | 19.484 | 20.884 |
LOG_EMPLOY | 4820 | 6.848 | 6.811 | 0.947 | 6.189 | 7.471 |
ROA | 4594 | 0.127 | 0.097 | 0.127 | 0.051 | 0.168 |
LEV | 5463 | 0.030 | 0.000 | 0.061 | 0.000 | 0.034 |
CAPEX_TA | 4590 | 0.116 | 0.086 | 0.104 | 0.045 | 0.154 |
LOG_RD | 5481 | 2.021 | 0.000 | 5.257 | 0.000 | 0.000 |
LOG_PATENT | 5481 | 1.824 | 1.946 | 1.441 | 0.000 | 2.890 |
PATENT_RD | 713 | 0.093 | 0.011 | 0.370 | 0.002 | 0.046 |
POST | 5513 | 0.500 | 0.000 | 0.500 | 0.000 | 1.000 |
DUMMY_TANSFER_60M | 787 | 0.053 | 0.000 | 0.225 | 0.000 | 0.000 |
DUMMY_RESIGN_60M | 787 | 0.093 | 0.000 | 0.290 | 0.000 | 0.000 |
DUMMY_RESIGN_48M | 787 | 0.056 | 0.000 | 0.230 | 0.000 | 0.000 |