Analysis of the Negative Relationship between Blockchain Application and Corporate Performance

Table 5

Descriptive statistics after PSM matching.

Variables	Mean	Sd	Min	Median	Max
ROA	0.03	0.07	−0.36	0.03	0.21
Treat	0.18	0.39	0.00	0.00	1.00
Size	22.19	1.35	18.99	22.03	26.94
State	0.36	0.48	0.00	0.00	1.00
Lev	0.43	0.22	0.05	0.42	1.18
Largest	0.34	0.15	0.09	0.31	0.75
Firmage	2.92	0.29	1.95	2.94	3.56
Growth	0.20	0.57	−0.67	0.10	4.07
MS	0.01	0.02	0.00	0.00	0.13
N	14768