variable

N

mean

sd

min

p50

max

Lnfee

3367

13.5047

0.6694

12.2161

13.3847

15.7826

Lndis1

3367

6.2749

1.4887

1.4444

6.5212

9.1556

Lndis2

3367

6.4076

1.3618

1.8389

6.6117

8.9857

Liudong

3367

2.5099

3.4191

0.2635

1.4672

25.5127

Growth

3367

0.2368

0.5759

−0.6125

0.1395

4.7000

Lev

3367

0.4476

0.2111

0.0395

0.4556

0.8866

Roa

3367

0.0450

0.0481

−0.1198

0.0398

0.1993

Lnsize

3367

22.0215

1.1922

19.7290

21.8864

25.2876

Inv

3367

0.1401

0.1252

0．0000

0.1100

0.6200

Rec

3367

0.1059

0.0981

0.0003

0.0778

0.4417

Big4

3367

0.0538

0.2256

0

0

1

Analyst

3367

0.4274

0.4948

0

0

1