Financial Innovation

Table 1 Descriptive Statistics

From: Performance and capital structure of IPOs in Pakistan from 2000 to 2015

Panel A: All IPOs
N = 72	Mean	Median	Maximum	Minimum	Std. Dev.
I_Proceed	5.649	5.379	9.001	2.603	1.357
Risk	0.109	0.059	0.557	0.004	0.133
Ret_own	0.788	0.796	0.989	0.167	0.151
Subs	3.204	1.909	18.694	0.060	3.643
M_volt	0.049	0.015	1.114	0.006	0.159
Block	0.297	0.192	0.980	0	0.333
HHI	0.180	0.125	0.646	0.004	0.165
Panel B: Privatized Firms
N = 11	Mean	Median	Maximum	Minimum	Std. Dev.
I_Proceeds	7.495	7.465	9.001	4.700	1.306
Risk	0.120	0.072	0.540	0.021	0.149
Ret_own	0.865	0.900	0.989	0.619	0.116
Subs	2.690	2.337	7.450	0.130	2.126
M_volt	0.019	0.019	0.033	0.010	0.008
Block	0.242	0.112	0.886	0.000	0.317
HHI	0.173	0.126	0.592	0.024	0.177
Panel C: Private Firms
N = 61	Mean	Median	Maximum	Minimum	Std. Dev.
I_Proceeds	5.317	5.165	7.830	2.603	1.076
Risk	0.108	0.059	0.557	0.004	0.132
Ret_own	0.774	0.750	0.986	0.167	0.153
Subs	3.296	1.870	18.694	0.060	3.859
M_volt	0.054	0.014	1.114	0.006	0.172
Block	0.307	0.210	0.980	0.000	0.337
HHI	0.182	0.124	0.646	0.004	0.164

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