N

Total

Private enterprise

SOE

2688

1674

1014

Mean value

Standard deviation

Mean value

Standard deviation

Mean value

Standard deviation

ROE

7.68

10.46

8.09

9.21

7.01

12.23

Tobin’Q

1.95

2.41

2.24

2.84

1.48

1.33

INST

37.13

24.09

31.26

23.81

46.81

21.29

SIZE

21.96

1.09

21.67

0.90

22.46

1.19

LEV

42.24

20.77

37.98

19.76

49.26

20.51

GROWTH

15.85

33.12

18.57

39.64

11.35

16.79

MER

9.22

7.14

9.57

7.23

s8.64

6.95

TUR

0.74

0.61

0.73

0.63

0.75

0.58

FIRET

35.66

15.08

35.10

14.61

36.57

15.79

TEN

58.09

15.40

60.10

14.91

54.75

15.63