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TABLE  1
Descriptive Statistics

Variable Mean Std. Dev. Minimum Maximum
IPO Value 19,332,842.00 13,817,891.00 1,708,200.00 75,977,460.00
% of Equity Offered in IPO 0.29 0.12 0.03 1
Log(# of Employees) 1.69 0.44 0.3 3.09
Top 10 Research Institution 0.34 0.48 0 1
Top 10 MBA Program 0.31 0.47 0 1
# of Alliances 2.53 2.62 0 16
New Alliances 0.27 0.44 0 1
# Articles about Firm 1.5 1.83 0 11
# Articles about Industry 890.48 407.85 79 1345
# of Regional Biotechnology Centers 66.38 18.49 3 81
# of Drugs Approved 6.68 3.6 0 13

FIGURE  1
The Structural Equation Model & Results
 

Chi-Square = 29.321
Degrees of Freedom = 26
p<0.297

Goodness of Fit Measures

GFI                 AGFI          Delta-1 Delta-2 Rho-2
0.945              0.905          0.910      0.989   0.984
 
 
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