Table A1.

Descriptive statistics and correlations among variables

 Min.MeanSDMax.1.2.3.4.5.6.7.8.
1. |${\eta _{rst}}$|−2.341.200.326.45
2. |$L{E_{rst}}$|−7.39−0.311.467.070.02***
3. |$o{r_{rt}}$|2.283.120.193.830.08***0.06***
4. |$OD{R_{rt}}$|1.803.580.184.030.04***−0.02***0.50***
5. |$YD{R_{rt}}$|2.883.230.174.63−0.06***0.03***−0.44***−0.36***
6. |$Siz{e_{rst}}$|−1.793.631.5611.000.010.51***0.04***−0.06***−0.08***
7. |$Com{p_{rst}}$|0.001.051.066.500.01**0.08***−0.12***0.03***−0.07***−0.25***
8. |$PDen{s_{rt}}$|1.104.921.188.930.01**0.03***−0.18***−0.36***−0.15***0.31***−0.03***
 Min.MeanSDMax.1.2.3.4.5.6.7.8.
1. |${\eta _{rst}}$|−2.341.200.326.45
2. |$L{E_{rst}}$|−7.39−0.311.467.070.02***
3. |$o{r_{rt}}$|2.283.120.193.830.08***0.06***
4. |$OD{R_{rt}}$|1.803.580.184.030.04***−0.02***0.50***
5. |$YD{R_{rt}}$|2.883.230.174.63−0.06***0.03***−0.44***−0.36***
6. |$Siz{e_{rst}}$|−1.793.631.5611.000.010.51***0.04***−0.06***−0.08***
7. |$Com{p_{rst}}$|0.001.051.066.500.01**0.08***−0.12***0.03***−0.07***−0.25***
8. |$PDen{s_{rt}}$|1.104.921.188.930.01**0.03***−0.18***−0.36***−0.15***0.31***−0.03***

Note: All variables are log transformed.

***

P < 0.01,

**

P < 0.05, and

*

P < 0.1.

Table A1.

Descriptive statistics and correlations among variables

 Min.MeanSDMax.1.2.3.4.5.6.7.8.
1. |${\eta _{rst}}$|−2.341.200.326.45
2. |$L{E_{rst}}$|−7.39−0.311.467.070.02***
3. |$o{r_{rt}}$|2.283.120.193.830.08***0.06***
4. |$OD{R_{rt}}$|1.803.580.184.030.04***−0.02***0.50***
5. |$YD{R_{rt}}$|2.883.230.174.63−0.06***0.03***−0.44***−0.36***
6. |$Siz{e_{rst}}$|−1.793.631.5611.000.010.51***0.04***−0.06***−0.08***
7. |$Com{p_{rst}}$|0.001.051.066.500.01**0.08***−0.12***0.03***−0.07***−0.25***
8. |$PDen{s_{rt}}$|1.104.921.188.930.01**0.03***−0.18***−0.36***−0.15***0.31***−0.03***
 Min.MeanSDMax.1.2.3.4.5.6.7.8.
1. |${\eta _{rst}}$|−2.341.200.326.45
2. |$L{E_{rst}}$|−7.39−0.311.467.070.02***
3. |$o{r_{rt}}$|2.283.120.193.830.08***0.06***
4. |$OD{R_{rt}}$|1.803.580.184.030.04***−0.02***0.50***
5. |$YD{R_{rt}}$|2.883.230.174.63−0.06***0.03***−0.44***−0.36***
6. |$Siz{e_{rst}}$|−1.793.631.5611.000.010.51***0.04***−0.06***−0.08***
7. |$Com{p_{rst}}$|0.001.051.066.500.01**0.08***−0.12***0.03***−0.07***−0.25***
8. |$PDen{s_{rt}}$|1.104.921.188.930.01**0.03***−0.18***−0.36***−0.15***0.31***−0.03***

Note: All variables are log transformed.

***

P < 0.01,

**

P < 0.05, and

*

P < 0.1.

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