Table 2. Descriptive statistics of the analyzed firms

Variable Mean Median Min. Max. SD Kurtosis Skewness Missing
Business tenure (years) 4.015 2 1 25 4.66 3.30 1.91 2
Production volume (tons) 804.88 238.03 0.01 28,236 2,049 104.26 8.99 125
Revenue (KRW 100 million) 550.5 16.69 0.01 16,499 9,005 331.83 18.24 150
Workforce (persons) 18.05 13 1 282 26.69 42.76 5.74 94
Source: Compiled by the authors from the production performance reports of the Ministry of Food and Drug Safety, 2017–2022.