Could Executive Compensation Incentive Enhance the Efficiency of Enterprise Resource Allocation? An Empirical Study from China

Table 3

Descriptive statistics of all variables.

Variable name	Mean value	Standard deviation	Minimum value	Maximum value
Efficiency	0.0276	0.272	−1	1.900
Pay	14.52	0.659	13.02	16.42
Stock	12.25	6.941	0	19.97
Consumption	0.0140	0.0128	0.00166	0.0694
Cash	0.144	0.106	0.0128	0.545
Lever	0.411	0.196	0.0591	0.859
Growth	0.180	0.340	−0.480	1.935
Firmage	20.19	5.360	9.619	37.56
First	32.13	14.54	5.270	71.92
Owner	0.665	0.472	0	1
Mtenure	55.02	25.20	13.83	131
Mage	47.99	3.485	38.40	55.50
Meducation	3.452	0.580	2.143	5.167