Estimation of the Treatment Effects of Ownership on the Indirect Financing of Small- and Medium-Sized Enterprises

Table 1

Descriptive statistics.

Ownership		State-owned	Foreign	Private	Others	Total
Obs		5124	20661	126752	22502	163972
𝑌	Mean	0.569	0.475	0.533	0.545	0.528
	S.D	0.437	0.346	0.294	0.339	0.31
	Min	0.001	0	0	0	0
	Max	8.851	12.998	8.787	8.138	12.998
𝑋1	Mean	0.659	0.499	0.574	0.597	0.569
	S.D	0.483	0.351	0.29	0.346	0.312
	Min	0.001	0	0	0	0
	Max	14.662	12.998	8.787	8.144	14.662
𝑋2	Mean	19.294	6.818	6.348	14.151	7.356
	S.D	15.731	4.781	6.385	10.133	7.601
	Min	0	0	0	0	0
	Max	100	107	169	69	169
𝑋3	Mean	218.024	237.323	297.727	277.132	286.189
	S.D	325.562	288.706	293.513	1088.525	404.459
	Min	0.069	0.353	0.167	0.273	0.069
	Max	9008.5	11301.176	8944.077	112290	112290
𝑋4	Mean	236.331	216.215	195.298	204.726	199.873
	S.D	306.038	279.792	221.966	241.806	234.618
	Min	1.333	1.022	0.452	1.473	0.452
	Max	7805.4	6782.2	6986	5080	7805.4