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Table 5 Summary of key variables

From: “Status projection”—a study of the foundation of independent directors among China’s listed companies

 

Mean

Standard dev

Min

Max

Related_Top10

0.91

0.28

0

1

Poli_Interlock

0.2

0.4

0

1

Pro_Interlock

0.6

0.49

0

1

State owned

0.39

0.49

0

1

Num_PoliD

1.18

0.59

0

4

Num_ProD

0.47

0.71

0

4

No. of employees (LN)

7.47

1.4

1.79

13.22

No. of shareholders (LN)

10.17

1.11

1.61

13.92

Special treatment (ST)

0.03

0.17

0

1

Industry (code)a

Percentage (%)

Industry code

Percentage (%)

 

 Industry 1(A)

1.3

Industry 8(H)

5.8

 

 Industry 2(B)

2.2

Industry 9(I)

2.2

 

 Industry 3(C)

62.5

Industry 10(J)

4.8

 

 Industry 4(D)

2.2

Industry 11(K)

3

 

 Industry 5(E)

2

Industry 12(L)

1

 

 Industry 6(F)

2.8

Industry 13(M)

1.7

 

 Industry 7(G)

8.5

   
  1. aAccording to the main industry categories in “Guidelines for the Industry Classification of Listed Companies (2001)” by the CSRC