AEM

GROWTH

LEV

CASH

SIZE

VC

UW

AUDIT

SINGLE

UNION

Mean (all)

0.092

36.169%

38.040%

13.154%

19.642

0.440

0.462

0.425

0.205

0.237

Mean (VC-backed)

0.088

37.499%

37.303%

11.220%

19.730

1

0.567

0.433

0.461

0.539

Mean (non-VC-backed)

0.096

35.126%

38.618%

14.671%

19.572

0

0.379

0.419

0.004

0

Mean (single VC-backed)

0.076

38.077%

36.438%

12.469%

19.744

1

0.512

0.415

1

0

Mean (joint VC-backed)

0.102

37.006%

38.041%

10.152%

19.718

1

0.615

0.448

0

1

Median (all)

0.069

30.970%

38.580%

12.335%

19.587

0

0

0

0

0

Median (VC-backed)

0.069

31.764%

38.189%

9.997%

19.661

1

1

0

0

1

Median (non-VC-backed)

0.070

30.431%

39.232%

14.253%

19.505

0

0

0

0

0

Median (single VC-backed)

0.064

29.575%

35.086%

12.161%

19.644

1

1

0

1

0

Median (joint VC-backed)

0.069

33.347%

38.879%

8.234%

19.719

1

1

0

0

1

Std-error (all)

0.085

0.307

0.155

0.112

0.647

0.497

0.499

0.495

0.404

0.426

Std-error (VC-backed)

0.077

0.303

0.152

0.104

0.603

0

0.497

0.497

0.500

0.500

Std-error (non-VC-backed)

0.091

0.310

0.157

0.115

0.672

0

0.486

0.494

0.066

0

Std-error (single VC-backed)

0.054

0.338

0.153

0.105

0.633

0

0.503

0.496

0

0

Std-error (joint VC-backed)

0.100

0.272

0.151

0.103

0.579

0

0.489

0.500

0

0

Minimum (all)

0.001

−23.641%

1.779%

−25.256%

18.043

0

0

0

0

0

Minimum (VC-backed)

0.001

−23.641%

1.779%

−11.878%

18.386

1

0

0

0

0

Minimum (non-VC-backed)

0.001

−18.412%

4.645%

−25.256%

18.043

0

0

0

0

0

Minimum (single VC-backed)

0.002

−16.772%

1.779%

−11.380%

18.576

1

0

0

1

0

Minimum (joint VC-backed)

0.002

−23.641%

6.234%

−11.878%

18.386

1

0

0

0

1

Maximum (all)

0.572

232.174%

76.447%

50.795%

21.779

1

1

1

1

1

Maximum (VC-backed)

0.491

200.635%

74.807%

42.490%

21.751

1

1

1

1

1

Maximum (non-VC-backed)

0.572

232.174%

76.447%

50.795%

21.779

0

1

1

1

0

Maximum (single VC-backed)

0.223

200.635%

74.807%

41.970%

21.751

1

1

1

1

0

Maximum (joint VC-backed)

0.545

149.001%

64.729%

42.490%

21.498

1

1

1

0

1