The Influence of Fair Value Measurement on Radical Financing of Irrational Managers Based on Fixed Effects Model and Fisher Permutation Test

Table 1

Descriptive statistics.

Variable	N	Mean	Sd	Min	p50	Max
Lev/100%	15393	0.430	0.210	0.0100	0.420	1.570
Slev/100%	15393	0.110	0.110	0	0.090	0.850
Llev/100%	15393	0.170	0.170	0	0.120	0.740
Con	15393	0.410	0.490	0	0	1
Afv × Con	15393	0.190	0.390	0	0	1
Afv	15393	0.470	0.500	0	0	1
L1size/yuan	15393	21.930	1.200	19.630	21.760	26.950
Growth/100%	15393	0.240	0.470	−0.270	0.120	3.300
Dual	15393	0.280	0.450	0	0	1
Prof/100%	15393	0.240	0.960	−6.260	0.310	4.720
Ppe/100%	15393	0.220	0.160	0	0.190	0.720