The Shared Transportation Industry in China: Examining the Influence of Regional Environmental Factors on New Venture Formation

Table 1

Descriptive statistics.

Variable	Obs	Mean	Std. dev.	Min	Max
Firm	257	1.195	4.539	0	45
Density	257	468.215	346.832	5.811	2537.518
GDP per capita	257	65933.55	134000	13589.67	2160000
Labor	257	53.118	21.678	18.07	284.953
Air quality	257	49.396	15.998	15.3	94.733
Human capital	257	192.78	251.343	9.795	1283.629
Venture capital	257	0.716	0.452	0	1
Policy bike sharing	257	0.35	0.478	0	1
Policy entrepreneurship	257	0.214	0.411	0	1
Auxiliary facilities	257	129.035	191.049	5	1461
Competition facilities	257	7.657	8.558	0.388	50.465