Impact of Venture Capital on the Dividend Policy of Listed Companies and Management Platform Design

Table 2

Descriptive statistics.

Variable name	Sample size	Mean value	Standard deviation	Minimum value	Maximum value
Div	28485	0.735	0.442	0.000	1.000
Pay	28485	0.080	0.131	0.000	0.761
Vc	28485	0.182	0.386	0.000	1.000
Roe	28485	0.079	0.075	−0.215	0.318
Lev	28485	0.439	0.199	0.056	0.858
Growth	28485	0.428	1.230	−0.662	9.189
Cash	28485	0.048	0.071	−0.167	0.249
Dual	28485	0.236	0.425	0.000	1.000
Ind	28485	0.370	0.052	0.286	0.571
Boardsize	28485	8.810	1.796	5.000	15.000
Top1	28485	35.634	15.137	8.950	74.960
Soe	28485	0.438	0.496	0.000	1.000
LnSize	28485	22.087	1.267	19.822	26.049