University of Westminster

Data description 

Total annual sales of 3,030 firms range from 28 thousand RURs to 80 billion RURs which shows that the firms 

differ a lot in size regarding their sales. The mean of the total sales for all the firms in the sample is 270 million 

RUR with standard deviation of 2.6 million RUR. The dataset includes the firms that have just entered the 

industry (their age is 0 in the dataset) in the year the data was collected. The oldest firms are as old as 112 years 

meaning that they have been in the industry for over a century. The spending on fixed assets includes the each 

firm’s spending on the purchase of land, buildings, equipment, machinery and vehicles. The average spending 

on purchase of fixed assets is 24.3 million RURs for over 1,053 firms while the maximum that the firms spend 

on the purchase of fixed assets is 9,04 billion. The standard deviation is 323 million.