[Retracted] Empirical Research on the Relationship between Industry Working Capital Shortfall and Company Cash Holding in the Same Industry
Table 2
Descriptive statistics of the main variables.
Variable
N
Average
Standard deviation
Minimum value
Median
Maximum
Part A: variables that affect the level of cash holdings
8153
0.1985
0.1445
0.0149
0.1559
0.6923
9300
0.0259
0.0344
0
0.0023
0.1937
8153
21.9285
1.2542
19.4698
21.7587
25.7218
8153
0.4281
0.2065
0.0873
0.4308
0.9720
8153
2.6463
2.0060
0.8711
1.9771
12.1996
8151
0.0618
0.0495
−0.1031
0.0578
0.2183
8098
0.0531
0.0488
0.00018
0.0392
0.226
8151
0.193
0.181
−0.362
0.197
0.627
8147
0.263
0.181
0.00218
0.231
0.756
8153
0.0122
0.0160
0
0.00687
0.0835
8153
0.833
0.172
0.274
0.892
1
9300
0.228
0.419
0
0
1
9300
0.355
0.151
0.0893
0.336
0.752
8888
2.161
0.193
1.609
2.197
2.708
8888
0.371
0.0537
0.300
0.333
0.571
8888
1.256
0.255
1.099
1.099
1.946
8832
0.266
0.442
0
0
1
Part B: variables that affect the value of cash holdings
8131
0.133
0.502
−1.683
−0.0221
4.198
5729
0.0378
0.260
−1.532
0.0093
1.382
6790
0.0263
0.352
0
0.00193
0.194
5729
0.0127
0.061
−1.287
0.0637
2.544
5729
0.149
0.628
−2.906
0.087
13.791
5729
0.00273
0.0177
−0.652
0.0036
0.674
6790
0.1825
0.192
0.0002
0.312
2.886
5686
0.0896
0.146
−0.669
0.0548
3.103
8153
0.360
0.380
0.0037
0.395
0.983
Note. ① The counts N of each variable are different because each variable has different missing values. ②The counts N of Part A and Part B are different because the variables of Part B are the amount of changes per variable, indicating that the sample statistics are one year less than Panel A.
