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Table 1 Descriptive statistics

From: Near is more: learning efficiency in research and development innovation among interlocking firms

Variable MEAN STD MIN Q1 MEDIAN Q3 MAX
Panel A: Total Samples
RD1 0.0089 0.0130 0.0000 0.0000 0.0016 0.0147 0.0712
RD2 0.0175 0.0280 0.0000 0.0000 0.0027 0.0284 0.1827
CoRD1 0.0095 0.0085 0.0000 0.0034 0.0078 0.0135 0.0636
CoRD2 0.0186 0.0174 0.0000 0.0062 0.0147 0.0258 0.1143
KmRD1 0.62988 1.50285 0.10765 0.0021 12.69415 0.62988 1.50285
KmRD2 1.19567 2.84377 0.19846 0.0015 22.07759 1.19567 2.84377
RD_ind1 0.0088 0.0069 0.0000 0.0037 0.0081 0.0105 0.0292
RD_ind2 0.0170 0.0153 0.0000 0.0057 0.0145 0.0230 0.0567
Size 21.8715 1.1397 19.2315 21.0379 21.7448 22.5439 26.5727
ROA 0.0491 0.0548 − 0.1793 0.0178 0.0435 0.0766 0.2644
LEV 0.4178 0.2113 0.0272 0.2470 0.4087 0.5839 0.9884
Soe 0.3995 0.4898 0.0000 0.0000 0.0000 1.0000 1.0000
BM 0.6692 0.3553 0.0749 0.4070 0.6159 0.8596 2.1469
Div 0.0094 0.0562 0.0000 0.0000 0.0000 0.0000 0.5000
AD 0.0092 0.0229 0.0000 0.0004 0.0015 0.0060 0.1881
HHI 0.0426 0.0495 0.0129 0.0257 0.0385 0.0437 0.9736
Sales_g 0.2051 0.8918 − 0.9814 − 0.0505 0.0955 0.2598 13.9749
Cash 0.0247 0.1653 − 2.0827 − 0.039 0.002 0.0533 1.5639
  1. This table presents the mean, standard deviation (STD), minimum (MIN), maximum (MAX), 25 percentiles (Q1), 50 percentiles (MEDIAN), and 75 percentiles (Q3) for all the variables used in the main tests