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Table 2 Summary of statistics of key variables

From: The institutional environment and the performance of private enterprises: population ecology and the institutional school revisited

Variables Obs. Average SD Min Max
ROE 1607 0.424 1.407 0 26.75
ROE (log) 1607 −2.151 1.55 −8.78 3.287
Total assets (10,000) 1607 2791.747 9091.0.236 2 205,000
Total assets (log) 1607 6.319 1.879 0.693 12.231
Enterprise size 1607 207.512 573.863 2 12,000
Enterprise size (log) 1607 4.142 1.515 0.693 9.393
Financial leverage 1607 0.240 0.262 0 0.993
Enterprise age (year) 1607 7.828 4.782 1 27
Management size 1607 0.163 0.105 0.01 0.5
Industry      
 Agriculture and mining 1607 0.090 0.286 0 1
 Manufacture and power 1607 0.496 0.500 0 1
 Construction and transportation 1607 0.094 0.292 0 1
 Information, finance, and real estate 1607 0.063 0.244 0 1
 Sales 1607 0.166 0.372 0 1
Male 1607 0.856 0.351 0 1
Age 1607 44.803 8.234 18 79
Education level (year) 1607 14.210 2.799 6 19
CCP membership 1607 0.366 0.482 0 1