Variables

N

Mean

SD

Q1

Med

Q3

Min

Max

underpricing

352

0.330

0.341

0.081

0.245

0.514

−0.142

1.519

finance

352

0.724

0.447

0.000

1.000

1.000

0.000

1.000

experienced

352

0.114

0.318

0.000

0.000

0.000

0.000

1.000

gender

352

0.722

0.449

0.000

1.000

1.000

0.000

1.000

edu

352

0.426

0.495

0.000

0.000

1.000

0.000

1.000

lnage

352

3.689

0.165

3.569

3.701

3.784

3.258

4.159

lnwage

352

11.920

0.620

11.513

11.887

12.281

10.612

13.677

lag_number

352

3.160

0.346

2.996

3.258

3.401

2.398

3.638

market return

352

0.002

0.043

−0.029

0.002

0.028

−0.100

0.106

subscription

352

1.163

1.129

0.553

0.800

1.259

0.290

7.164

lag

352

2.494

0.295

2.303

2.398

2.639

2.197

3.584

IPO size

352

10.929

0.540

10.550

10.870

11.272

9.846

12.332

estyear

352

4.743

0.346

4.500

4.741

4.956

3.970

5.455

debt

352

0.375

0.160

0.261

0.377

0.509

0.045

0.735

size

352

19.593

0.581

19.180

19.545

19.979

18.533

21.488

Independ director

352

0.370

0.051

0.333

0.333

0.429

0.333

0.600

growth

352

0.496

0.495

0.253

0.377

0.585

−0.060

3.569

ROA

352

0.180

0.076

0.127

0.165

0.216

0.067

0.433

cpa firm rank

352

0.313

0.464

0.000

0.000

1.000

0.000

1.000