Variable

Mean

SD

Min

Max

p50

R&D

17.78

1.664

7.720

23.93

17.87

Degree

2.048

1.296

1

8

2

Age

23.19

5.542

6

41

23

Size

22.33

1.381

19.14

27.94

22.06

SA

−3.911

0.245

−4.751

−2.391

−3.897

Lev

0.429

0.204

0.0420

0.976

0.428

ROA

0.0286

0.0829

−1.240

0.344

0.0333

Cash

0.206

0.154

0.00580

0.757

0.163

Equity

22.34

17.05

0.0586

73.82

20.61

Growth

0.172

0.427

−0.667

4.369

0.0742