| Domestic mean | Foreign mean | Domestic SD | Foreign SD | p level |
---|---|---|---|---|---|
Employees | 121 | 98 | 65 | 63 |  < 0.01 |
Net fixed assets | 222,118 | 147,610 | 350,646 | 219,603 |  < 0.05 |
Operating expenses | 484,107 | 893,198 | 441,490 | 731,507 |  < 0.01 |
Transaction costs | 423,093,259 | 310,740,146 | 513,557,355 | 473,357,382 |  < 0.01 |
Management fee of equity fund | 379,278,032 | 319,087,913 | 439,182,008 | 359,730,111 |  < 0.01 |
Management fee of bond fund | 163,732,391 | 221,673,376 | 178,496,288 | 263,952,641 |  > 0.10 |
Other expenses | 64,613,412 | 53,048,272 | 63,730,930 | 65,276,265 |  < 0.01 |
Change in equity fund | 32,037,712,379 | 19,863,046,537 | 54,128,905,799 | 22,162,088,306 |  < 0.01 |
Change in bond fund | 53,087,172,554 | 22,610,043,340 | 55,570,832,573 | 21,287,392,559 |  < 0.01 |