Table 1 Descriptive statistics
From: Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering
| Â | Number | Minimum | Maximum | Mean | S.D. |
|---|---|---|---|---|---|
IPO valuation | 153 | 0.8 | 0.97 | 0.91 | 0.03 |
Firm age | 153 | 4 | 24 | 9.85 | 3.33 |
TMT size | 153 | 3 | 9 | 5.72 | 1.43 |
Founder control | 153 | 0 | 1 | 0.86 | 0.35 |
Board chairman control | 153 | 0 | 1 | 0.52 | 0.50 |
P/E ratio at issuing | 153 | 36.98 | 138.46 | 68.60 | 19.70 |
IPO size | 153 | 9,000 | 2.70E+05 | 75,633.00 | 43,168.47 |
Board independency | 153 | 0.33 | 0.67 | 0.36 | 0.05 |
TMT ownership | 153 | 0 | 0.96 | 0.42 | 0.27 |
VC backing | 153 | 0 | 1 | 0.64 | 0.48 |
Underwriter reputation | 153 | 0 | 10 | 6.92 | 3.14 |