Variable type

Variable

Mean

SD

Min

Max

Dependent variable

Cash

0.227

0.132

0.01

0.825

Independent variable

ln(Spill_Tech)

13.345

0.787

8.89

14.533

R&D-Invest

0.017

0.016

0.0001

0.205

Control variable

ln(Total-Asset)

12.659

1.086

10.079

17.741

Asset-Liability-Ratio

0.394

0.196

0.036

1.04

Net-Capital

0.048

0.165

−0.578

0.469

ROA

0.044

0.044

−0.214

0.252