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101 Sum Sq. Dev. 76.45234 0.095225 3.697218 Observations 54 54 54 Cross sections 18 18 18 Appendix 8: Descriptive Statistic Table of Dependent Variables in India Appendix 9: Google Search Volume Index of Manufacture Companies Indonesia vs. India Yearly data 2011-2013 2011 2012 2013 Indonesia India Indonesia India Indonesia India Average 29.02 35.03 37.43 24.78 30.30 20.83 Maximum 73.08 62.08 74.67 52.25 62.00 48.08 Minimum 0.00 9.75 3.33 5.08 2.08 3.75 GI SIZE MB PE AGE Mean 26.87685 24.99886 8.101667 36.74259 9.222222 Median 22.62500 25.48685 5.385000 26.27000 9.000000 Maximum 62.08333 28.41067 34.86000 284.6400 17.00000 Minimum 3.750000 15.23700 0.600000 0.000000 1.000000 Std. Dev. 15.43756 2.609170 7.680937 42.12651 4.558495 Skewness 0.666659 -2.729895 2.134452 4.109084 0.127306 Kurtosis 2.566110 10.89471 7.320964 23.58079 2.036471 Jarque-Bera 4.423497 207.3054 83.01211 1104.991 2.234737 Probability 0.109509 0.000000 0.000000 0.000000 0.327140 Sum 1451.350 1349.939 437.4900 1984.100 498.0000 Sum Sq. Dev. 12630.87 360.8117 3126.830 94056.06 1101.333 Observations 54 54 54 54 54 Cross sections 1 1 1 1 1 Cross sections 18 18 18 18 Appendix ix

8: Descri i

pt pt iv iv e e Statis s t tic c Ta Ta bl b e e of of D Dep ep en ende de nt n Variables es in India Appendix 9: Google Search Volum me Index o f f Manufacture Companies In n do d nesia v vs. India Yearly ly data 2 2011-2013 2011 2012 2013 GI SIZE MB B PE PE AG A E M Mean 26 6 .8 .8 76 85 24.99886 8.101667 36 3 .742 42 59 59 9.22 222 2 22 Medi i an an 2 22 .62500 25.48685 5.385000 26 6 .2 .2 7000 9. 9 0000 000 Ma a xi xi m mum 62.083 33 28.41067 34.86000 284. 64 6400 17 17 .00000 00 Mi Min nimum 3.750000 15.23700 0.6000 00 0.0000 00 00 1 1.00 00 00 00 St Std. d. Dev v . 15.43756 2. 609170 7.68 09 37 42.12651 4. 4. 55 55 84 84 95 Sk Sk ewne e ss 0.666659 - 2. 729895 2. 13 44 52 4.109084 0. 12 1273 7 06 Ku K rtos s is 2. 56 6110 10 .8 9471 7. 32 0964 23 .5 8079 2. 03 036471 1 Jarque e - Bera 4.423497 20 7. 30 54 83 .012 11 1104.991 2.2347 4737 7 Pr Prob o ab ab ilit y 0. 1095 09 0.00 0000 0. 000000 0. 00 0000 0.32 327140 40 Sum 1451.350 3 13 49 49 .9 .939 43 43 7 7.4900 1984.100 498.00 00 00 00 Su S m Sq. Dev. 12630.87 360.8117 17 3126.830 94056.06 1101 01.3 333 33 Ob Ob se se rv rv at t i io ns ns 54 54 54 5 54 54 54 54 54 54 Cr Cr os o s se e ct ct io io ns ns 1 1 1 1 1 1 1 1 102 Appendix 10: Trading Volume of Manufacture Companies Indonesia vs. India Yearly data 2011-2013 2011 2012 2013 Indonesia India Indonesia India Indonesia India Average 16.69 16.06 16.00 15.84 16.17 15.76 Maximum 20.42 18.59 20.46 18.44 20.57 18.17 Minimum 9.99 14.28 2.91 13.78 9.94 13.93 Appendix 11: Standard Deviation of Manufacture Companies

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