Table 2.
Summary statistics.
| Variables | Obs | Mean | Std.Dev. | Min | Max |
|---|---|---|---|---|---|
| CS (%) | 33,015 | 16.3273 | 13.1169 | 0.5309 | 71.1220 |
| rCS (%) | 33,015 | −0.2800 | 12.1742 | −23.2597 | 46.5017 |
| RED (red enterprises/per thousand persons) | 33,015 | 0.0380 | 0.1031 | 0.0000 | 0.5787 |
| rRED (red enterprises/per million square kilometers) | 33,015 | 0.0494 | 0.1618 | 0.0000 | 0.9729 |
| Size (log) | 33,015 | 22.1752 | 1.3759 | 15.4177 | 30.3704 |
| Capx (%) | 33,015 | 5.1507 | 5.4877 | −3.7500 | 28.4204 |
| Grow (%) | 33,015 | 17.7274 | 43.4623 | −60.8480 | 296.0220 |
| Cf (%) | 33,015 | 6.6640 | 11.4301 | −24.8024 | 80.9070 |
| Age (log) | 33,015 | 2.9034 | 0.3363 | 0.0000 | 4.2047 |
| PAY (%) | 33,015 | 5.4720 | 6.4600 | 0.0000 | 44.2492 |
| MB (log) | 33,015 | 3.0533 | 0.5911 | 1.4882 | 8.2764 |
| Bsize (log) | 33,015 | 2.1383 | 0.2015 | 1.0986 | 2.9957 |
| Indep (%) | 33,015 | 37.3494 | 5.4863 | 0.0000 | 80.0000 |
| PGDP (thousand yuan/person) | 33,015 | 13.1902 | 9.9332 | 1.4001 | 44.2841 |
| FSIZE (%) | 33,015 | 157.3472 | 66.1405 | 39.8837 | 373.7555 |