Determinants of Investment Timing of Government Venture Capital Guiding Funds in China

Table 2

Summary statistics.

Variable	Mean	Sd	Min	Max	p50
TIME	2.435	0.525	1	3	2
AREA	0.396	0.490	0	1	0
PATENT	33.27	91.11	0	1000	7
POWER	0.0283	0.280	−0.952	0.450	0.101
EQUITY	5.249	4.662	0.210	18.46	4
AGE	11.53	4.622	5	22	11
CAPITAL	8.6929	0.9836	6.5028	11.0165	8.6247
ASSET	9.7222	1.2866	6.7595	13.4269	9.6627
LIA	0.320	0.184	0.0364	0.741	0.280
REV	0.272	0.308	−0.583	0.846	0.282
INDU	0.609	0.489	0	1	1