Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model

Table 2

Descriptive analysis of variables.

Variable	Obs	Mean	Std. Dev.	Min	Max	p1	p99	Skew.	Kurt.
RD	11655	0.044	0.043	0	0.25	0	0.25	2.407	10.367
PE	11655	0.479	0.462	0	2.812	0.011	2.774	2.42	10.698
EQ	11655	0.076	0.167	0	1.078	0	1.078	3.947	20.679
Market	11655	8.758	1.796	3.49	11.639	3.63	11.639	−0.584	2.786
Fintech	11655	2.21	0.48	1.228	3.086	1.228	3.086	−0.048	2.031
Sub	11655	0.005	0.005	0	0.032	0	0.032	2.673	12.027
Size	11655	22.353	1.257	19.581	26.179	20.122	26.179	0.728	3.446
Lev	11655	42.143	19.835	5.642	88.793	5.747	88.753	0.219	2.267
Loan	11655	0.146	0.133	0	0.526	0	0.521	0.794	2.851
Growth	11655	0.609	0.382	0.092	2.293	0.094	2.293	1.892	7.883
Quick	11655	2.304	2.164	0.337	14.644	0.337	14.431	3.226	15.962
Adm	11655	10.868	7.694	1.256	45.591	1.256	45.278	1.992	8.238
Lart	11655	1.266	0.874	0.185	5.095	0.192	5.095	1.994	8.03
Top5	11655	51.364	14.951	19.52	91.71	19.52	87.62	0.147	2.605