Table 1 Data transformation
From: The impact of FinTech start-ups on incumbent retail banks’ share prices
Original variable | Transformed variable | Formula |
|---|---|---|
FinTech funding volume | Standardized FinTech funding volume | \( {z}_t\kern0.5em =\kern0.5em \frac{x_t\kern0.5em -\kern0.5em \overline{x}}{s},\kern0.5em t\kern0.5em =\kern0.5em 1,2,\dots, n \) |
FinTech volume growth rate | g t = ln x t − ln x t − 1, t = 2, 3, …, n | |
FinTech number of deals | Standardized FinTech number of deals | \( {z}_t\kern0.5em =\kern0.5em \frac{x_t\kern0.5em -\kern0.5em \overline{x}}{s},\kern0.5em t\kern0.5em =\kern0.5em 1,2,\dots, n \) |
FinTech number of deals growth rate | g t = ln x t − ln x t − 1, t = 2, 3, …, n |