| VarName | Obs | Mean | SD | Min | Median | Max |
| ROE | 15,244 | 6.979 | 13.612 | −107.211 | 8.118 | 40.600 |
| did | 15,244 | 0.372 | 0.483 | 0.000 | 0.000 | 1.000 |
| treat | 15,244 | 0.472 | 0.499 | 0.000 | 0.000 | 1.000 |
| post | 15,244 | 0.783 | 0.412 | 0.000 | 1.000 | 1.000 |
| Size | 15,244 | 22.202 | 1.310 | 19.716 | 21.998 | 26.430 |
| Lev | 15,244 | 0.401 | 0.198 | 0.054 | 0.390 | 0.906 |
| Cashflow | 15,244 | 0.051 | 0.066 | −0.180 | 0.050 | 0.257 |
| Growth | 15,244 | 0.182 | 0.401 | −0.660 | 0.120 | 4.330 |
| Top1 | 15,244 | 0.337 | 0.145 | 0.081 | 0.314 | 0.743 |
| SOE | 15,244 | 0.254 | 0.435 | 0.000 | 0.000 | 1.000 |