Variable

Mean

Med

S. D.

Min

Max

N

DT

0.324

0.126

0.546

0

7.630

24,865

DT_F

0.0584

0.00691

0.142

0

2.306

24,865

DT_X

0.0349

0

0.0917

0

1.814

24,865

DT_Z

0.156

0.0759

0.227

0

2.935

24,865

DT_W

0.0742

0.0207

0.150

0

2.279

24,865

TFP-LP

8.370

8.279

1.071

3.908

13.18

24,865

TFP-OP

6.688

6.587

0.901

2.458

11.43

24,865

TFP-GMM

3.809

3.703

0.876

-0.352

9.586

24,865

Size

22.20

22.03

1.299

16.12

28.55

24,865

LEV

0.436

0.416

0.522

0.00797

63.97

24,865

ROA

0.0292

0.0356

0.397

-48.32

8.441

24,865

Fix

0.211

0.181

0.157

9.00e-06

0.929

24,865

Stock

0.286

0.223

0.267

0

4.299

24,865

Cash

0.151

0.113

0.126

6.58e-05

1.563

24,865

FC

0.000460

0.0174

0.348

-46.24

4.449

24,865

Age

18.17

18

5.637

2

63

24,865

SOE

0.335

0

0.472

0

1

24,865

Balance

0.737

0.578

0.607

0.00310

4

24,865

Dual

0.287

0

0.452

0

1

24,865

Mgt Holding

13.75

0.866

19.58

0

99.45

24,865

Board

8.487

9

1.648

3

18

24,865

Ind director

37.62

36.36

5.534

14.29

80

24,865

Four

0.0498

0

0.218

0

1

24,865