Variable

Obs

Mean

Std

Min

Max

Lnbwd

13,895

12.84

0.82

6.66

16.55

Lnnetwd

13,983

12.94

0.76

7.55

16.03

A35_mean

14,162

2.97

0.18

2.2

3.94

Separation

13,471

8.89

103.52

0

3100

State

14,162

0.41

0.49

0

1

Roa

13,138

0.05

0.05

0

2.93

Size

14,162

22

1.28

18.22

28.51

Bds

14,135

8.76

1.76

0

18.

Risk

14,162

2.44

4.15

0.02

264.67

Lev

14,162

0.41

0.21

0.02

0.98

First

14,162

0.36

0.15

0

0.86

Con

13,709

0.08

0.15

0

0.71

Audit

14,162

0.98

0.12

0

1

Big4

14,162

0.06

0.23

0

1

Iderati

14,134

0.37

0.05

0.13

0.8

Dual

14,162

0.26

0.44

0

1

TFP

13,060

0.01

0.71

−2.96

3.41

SGROW

13,636

2.83

10.81

−2.68

60.32

PE

14,162

4.97

3.08

0.77

16.90

Cf

13,137

1.09

4.54

−16.88

30.54