Variable

Mean

Maximum

Minimum

Standard Deviation

Under “Direct Investment + Sponsor” mode

Under non-“Direct Investment + Sponsor” mode

Under “Direct Investment + Sponsor” mode

Under non-“Direct Investment + Sponsor” mode

Under “Direct Investment + Sponsor” mode

Under non-“Direct Investment + Sponsor” mode

Under “Direct Investment + Sponsor” mode

Under non-“Direct Investment+ Sponsor” mode

UNDERPRICE

5.0860

6.0657

23.7600

39.0100

−2.6500

−6.9300

4.4064

4.1520

RETURN

13.2009

16.9053

184.94

227.5500

−12.8200

−31.6900

25.2716

21.7618

UR_RP

13.3153

12.6804

14.4430

14.4430

10.0392

9.5324

0.9865

1.1480

OCF

0.7541

0.9520

7.5847

22.5427

−3.0400

−2.2500

1.1797

1.2816

PG

0.2968

0.2374

2.4546

8.5856

−0.3579

−0.7366

0.4730

0.5465

LEV

0.4126

0.4150

0.9313

0.9820

0.0623

0.0465

0.1790

0.1755

SIZE

20.6024

20.5622

25.7737

27.8028

18.9967

18.7756

1.0446

1.1388

SOE

0.0136

0.0397

1

1

0

0

0.1170

0.1953

VC_PE

0.5616

0.6374

1

1

0

0

0.4996

0.4809

IND

2.2328

2.2259

3

3

2

1

0.4255

0.4357

INDEX

0.0015

0.0003

0.0552

0.0552

−0.0161

−0.0739

0.0109

0.0136

INDEX_YEAR

−0.0029

2.93e−06

0.0475

0.0552

−0.0642

−0.0762

0.0206

0.0171