Variables

The Whole Sample Enterprises

State-Controlled Enterprises

Non-State-Controlled Enterprises

Max

Min

Std. Dev.

Mean

Median

Mean

Median

Mean

Median

MAN_SRt

0.351

0

0.109

0.056

0

0.005

0

0.12

0.05

LnMAN_PAYt

15.601

12.346

0.655

13.939

13.929

14.012

14.045

13.846

13.828

RD_TAt

0.134

0

0.034

0.026

0.013

0.024

0.01

0.028

0.017

LEVt

0.974

0

0.22

0.414

0.424

0.5

0.51

0.304

0.288

LnCsizet

25.228

18.454

1.44

21.029

20.814

21.632

21.406

20.266

20.088