Variable

Obs.

Mean

Std. Dev.

Min.

Max.

Med.

Risk1

37,891

0.0331

0.0375

0.0001

0.429

0.0210

Risk2

37,891

0.0625

0.0698

0.0002

0.848

0.0400

Treat

37,891

0.7818

0.4129

0

1

1

Policy

37,891

0.7526

0.4314

0

1

1

lnsize

37,891

7.632

1.253

4.564

11.06

7.566

FirmAge

37,891

2.808

0.381

1.609

3.497

2.833

Lev

37,891

0.427

0.205

0.0514

0.886

0.423

ROA

37,891

0.0441

0.0621

−0.209

0.221

0.0414

Cashflow

37,891

0.0490

0.0698

−0.158

0.246

0.0480

Top1

37,891

0.351

0.150

0.0881

0.745

0.331