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Table 5 Kolmogorov–Smirnov test of differences between foreign and domestic capitals

From: Operational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms?

 

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