[Retracted] Exploring the Influence of Local Government Debt on Enterprise Investment through the Empirical Evidence at the Municipal Level

Table 2

Descriptive statistics of major variables.

Variable	Mean	Sd	min	p50	Max
Under INV	0.0122	0.0148	0.0022	0.0314	0.0985
Over INV	0.0904	0.1135	0.0031	0.0547	0.3846
Loan	0.0632	0.4256	−0.3584	0.0221	0.2267
Debt	5.1324	2.3458	0.0017	4.5426	6.8642
PPR	0.1856	0.1435	0.0014	0.1359	0.9227
Growth	0.2654	0.5324	−0.4358	0.1046	3.2416
Size	26.2451	1.4652	18.7652	23.4508	24.5138
CF	0.0347	0.1138	−0.2541	0.0254	0.3385
Lev	0.3846	0.2456	0.0457	0.3184	0.8756
Cash	0.2754	0.1807	0.0216	0.1358	0.9648
OPR	0.3561	24.6859	−1.3568	0.1085	1.2648
TobinQ	3.1652	7.6258	0.1854	2.2437	72.1548
Age	2.4239	0.5429	1.0423	2.4585	2.4584
BC	0.6854	0.3755	0.0042	0.8756	0.8456
OC	53.1435	16.7548	13.2456	57.8546	97.5848
GDPR	0.1852	0.1854	−0.9617	0.1237	0.2345