Variable | Group | Adopters | Non-Adopters | Difference | |t| | |||
Obs | Mean | Obs | Mean | Obs | Mean | Mean | ||
Expense | 520 | 12.19833 | 268 | 12.1767 | 252 | 12.1986 | 0.0219 | 0.8227 |
Profit growth | 520 | 287.8194 | 268 | 251.7944 | 252 | 326.1317 | 74.33734 | 2.6922 |
ROA growth | 520 | 4.2159 | 268 | 4.3078 | 252 | 4.1168 | 0.1910 | 1.4352 |
ROE growth | 520 | 4.2125 | 268 | 4.2480 | 252 | 4.1748 | -0.0733 | 0.5561 |
Growth | 520 | 6.3632 | 268 | 6.3143 | 252 | 6.4152 | 0.1009 | 0.8972 |
Working capital | 520 | 4.9055 | 268 | 4.9147 | 252 | 4.8958 | -0.0190 | 0.1374 |
Age | 520 | 12.0115 | 268 | 12.2537 | 252 | 11.7540 | -0.4998 | 1.2855 |
Debt sustainability | 520 | 0.2730 | 268 | 0.2703 | 252 | 0.2758 | 0.0055 | 1.4624 |
Leverage | 520 | 0.4496 | 268 | 0.4502 | 252 | 0.4489 | -0.0013 | 0.1750 |