Working Capital Management, Corporate Performance, and Strategic Choices of the Wholesale and Retail Industry in China

Table 3

Factors in different classes.

Variables	Whole sample		The first class mean	The second class mean	The third class mean	ANOVA on differences between all three clusters; (𝐹-test and its 𝑃 value are reported)
	Mean	Standard deviation
IOA	2.44𝑒−09	0.96	0.19	−0.32	0.29	10.87 (0.000)
CIE	−1.02𝑒−08	0.99	−0.03	−1.29	0.38	626.37 (0.000)
WC	−0.23	0.90	−0.17	−0.86	0.38	52.51 (0.000)
Size	21.51	0.89	21.51	21.28	21.67	6.77 (0.0013)
Obs.	475		198	115	162