Panel A: STAR

Variable

Obs

Mean

Std.Dev.

Min

Max

P_t

183

82.252

125.011

5.61

1410

BVPS_t

183

11.315

9.6

0.019

106.711

COEPS_t

183

1.283

2.457

−2.96

21.43

EIEPS_t

183

1.102

2.287

−1.98

18.91

D3

183

0.182

0.297

−1.06

2.52

D4

183

0.049

0.217

0

1

D3COEPS_t

183

0.038

0.192

0

1

D4EIEPS_t

183

−0.047

0.255

−1.98

0

LEV_t

183

−0.012

0.107

−1.06

0

GROW_t

183

0.205

0.149

0.02

0.77

OWN

183

2.307

1.445

1.032

11.042

AGE_t

183

0.044

0.205

0

1

COVID

183

0.142

0.289

−2.94

1.244

P_t

183

0.246

0.432

0

1

BVPS_t

183

11109

4.52

2

24

Panel B: Control

Variable

Obs

Mean

Std.Dev.

Min

Max

P_t

334

16.93

25.306

1.17

267.51

COEPS_t

334

0.29

0.664

−4.85

3.92

EIEPS_t

334

0.091

0.963

−5.88

5.29

D3

334

0.159

0.366

0

1

D4

334

0.419

0.494

0

1

D3COEPS_t

334

−0.076

0.401

−4.85

0

D4EIEPS_t

334

−0.251

0.621

−5.88

0

LEV_t

334

0.464

0.204

0.042

0.979

GROW_t

334

1.897

1.264

0.818

8.464

OWN

334

0

0

0

0

AGE_t

334

20.641

4.142

9

33

COVID

334

0.623

0.485

0

1