Controlling Shareholders’ Equity Pledge and Listed Companies’ Stock Repurchase

Table 2

Descriptive statistics.

Variable	N	Mean	Sd	min	p25	p50	p75	Max
Rpurchase1	15567	0.185	0.388	0	0	0	0	1
Rpurchase2	15567	0.458	1.426	0	0	0	0	15.27
Pledge1	15567	0.528	0.499	0	0	1	1	1
Pledge2	15567	0.499	0.243	0	0	1	8	16.25
Lev	15567	0.428	0.198	0.0603	0.269	0.422	0.578	0.863
Growth	15559	0.380	0.881	−0.674	−0.0113	0.153	0.452	5.987
Roe	15555	0.0733	0.102	−0.491	0.0385	0.0775	0.121	0.306
Soe	15233	0.347	0.476	0	0	0	1	1
Dual	15567	0.280	0.449	0	0	0	1	1
Board	15566	37.60	5.398	33.33	33.33	36.36	42.86	57.14
Asset	15567	22.53	1.317	20.20	21.59	22.33	23.29	26.50