Table 3.

Descriptive statistics of key variables

Variable	Total			Female-owned			Male-owned
	Obs	Mean	Std. dev	Obs	Mean	Std. dev	Obs	Mean	Std. dev
Female	4310	0.430	0.495	1855	1.000	0.000	2455	0.000	0.000
Age	4105	13.621	9.644	1760	13.335	8.859	2345	13.836	10.190
Size	4207	0.766	0.603	1824	0.737	0.575	2383	0.788	0.622
Exporter	3548	0.035	0.184	1549	0.019	0.138	1999	0.048	0.213
Foreign	4310	0.017	0.131	1855	0.008	0.090	2455	0.024	0.154
tfp_ac	3891	7.570	1.254	1674	7.414	1.101	2217	7.688	1.346
tfp_lp	3891	8.139	1.294	1674	7.904	1.165	2217	8.317	1.357
tfp_wr	3891	8.071	1.468	1674	7.825	1.352	2217	8.257	1.523
Finance Constraint (FC)	4233	7.250	1.877	1820	7.219	1.887	2413	7.273	1.869
FC categories	4233	1.701	0.581	1820	1.700	0.581	2413	1.701	0.581
FS bank loan	4206	3.011	12.726	1822	2.142	10.226	2384	3.675	14.313
FS own resources	4206	80.713	33.212	1822	81.049	33.205	2384	80.456	33.222
FS friends and relatives	4206	3.369	15.133	1822	2.953	13.792	2384	3.688	16.079
FS suppliers credit	4206	5.345	16.202	1822	5.113	16.090	2384	5.523	16.288
FS equity and bond	4206	2.357	12.686	1822	1.965	11.631	2384	2.657	13.431
FS other	4206	5.204	19.745	1822	6.778	22.460	2384	4.002	17.294

Note: The sample excludes observations of enterprises that are either owned by the state or do not report the gender of the owner