Variables

N

mean

sd

min

max

te

30,098

0.955

0.177

0.407

1.600

$lnp{t}_{t+1}$

30,063

1.855

1.771

0

9.805

sa

34,337

−3.778

0.260

−4.558

−2.948

hightech

33,523

0.599

0.490

0

1

soe

32,626

0.344

0.475

0

1

size

32,626

22.18

1.300

19.32

26.45

lev

32,626

0.405

0.197

0.0274

0.908

intangible

32,626

0.0446

0.0482

0

0.382

growth

32,626

0.154

0.358

−0.658

4.024

balance

32,626

0.956

0.805

0.0279

4.450

age

32,626

2.853

0.370

0.693

3.611

overseaback

32,626

0.521

0.500

0

1

industry

33,523

36.92

16.39

1

80