Whole Sample | Wholly State-Owned Enterprises | Majority State-Owned Enterprises | ||||||||||
Eff | BC-Eff | Est-bias | Est-std | Eff | BC-Eff | Est-bias | Est-std | Eff | BC-Eff | Est-bias | Est-std | |
Average | 1.189 | 1.231 | −0.042 | 0.025 | 1.160 | 1.192 | −0.032 | 0.019 | 1.230 | 1.287 | −0.057 | 0.035 |
Median | 1.100 | 1.126 | −0.030 | 0.015 | 1.099 | 1.121 | −0.019 | 0.010 | 1.145 | 1.181 | −0.041 | 0.022 |
Std | 0.285 | 0.302 | 0.035 | 0.027 | 0.241 | 0.254 | 0.030 | 0.022 | 0.338 | 0.355 | 0.036 | 0.030 |