[Retracted] Relationship between Capital Allocation Efficiency and Diversification Strategy from the Perspective of Internal Control

Table 2

Descriptive statistics.

Variable	Observation value	Average value	Standard deviation	Minimum value	Maximum
HDI	9012	0.204	0.239	0	0.965
Invest	9012	0.049	0.049	−0.002	0.642
ICI	9012	−0.418	0.113	−0.852	−0.192
Deficiency	9012	0.356	0.479	0	1
Tobin’s Qt −1	9012	0.332	0.861	−2.493	5.449
CR1	9012	0.155	0.130	0	2.210
Mstock	9012	0.045	0.115	0	0.810
FCFFt −1	9012	−0.035	0.933	−87.79	1.027
Size	9012	22.28	1.300	15.58	28.51
Lev	9012	0.464	0.290	−0.195	11.51
ROA	9012	0.044	0.099	−1.052	7.109
Lntenure	9012	1.443	0.561	−2.996	3.081
Firmrisk	9012	0.025	0.085	0	5.880
CEOsuc	9012	0.170	0.376	0	1
List	9012	11.23	6.482	1	26
State	9012	0.462	0.499	0	1
Growth	9012	0.168	0.557	−0.546	4.070