Table 3 Descriptive statistics and correlations.

Variables	Mean	Std.	CON	UNI	EXE	INT	PRO	TEC	DEC	AGR	FIN	ROA	LEV	RD	FSIZE	FAGE	PROF	SAL	TAN	CAP
Conscientiousness	0.15	0.74	1.00
Uniqueness	−0.14	0.49	−0.52	1.00
Execution skills	0.17	0.74	−0.39	−0.05	1.00
Extraversion	0.10	0.65	−0.25	−0.14	0.47	1.00
Neuroticism	0.07	0.71	−0.64	0.17	0.71	0.42	1.00
Openness	0.08	0.66	−0.38	0.02	0.60	0.46	0.40	1.00
Decisiveness	0.15	0.71	−0.25	−0.04	0.63	0.46	0.36	0.70	1.00
Agreeableness	0.07	0.58	0.22	−0.14	0.05	0.38	−0.12	−0.01	0.23	1.00
Financial prudence	0.04	0.50	0.40	0.09	−0.27	−0.19	−0.39	−0.09	0.19	0.10	1.00
ROA (%)	1.55	9.08	−0.01	0.00	0.01	0.00	0.01	0.01	0.01	−0.01	0.00	1.00
Financial leverage (%)	51.39	47.85	−0.05	0.02	0.03	0.05	0.06	0.02	−0.01	0.03	−0.07	−0.31	1.00
R&D intensity (%)	0.20	1.88	−0.02	0.00	0.01	0.00	0.01	0.06	0.02	−0.01	−0.01	−0.05	0.01	1.00
Firm size	13.49	1.70	−0.07	−0.03	0.08	0.00	0.04	0.06	0.11	−0.05	0.00	0.10	−0.18	0.04	1.00
Firm age	36.54	18.89	0.11	−0.06	−0.10	−0.08	−0.12	−0.13	−0.05	0.01	0.09	−0.01	−0.12	−0.01	0.47	1.00
Profitability (%)	1.02	9.47	−0.01	−0.01	0.02	0.01	0.01	0.02	0.02	−0.01	0.00	0.22	−0.31	−0.03	0.12	−0.01	1.00
Sales growth (%)	9.51	27.29	−0.05	0.01	0.03	0.03	0.04	0.05	0.02	−0.02	−0.04	0.11	0.02	0.00	−0.08	−0.20	0.06	1.00
Tangibility (%)	25.26	21.27	0.01	0.02	0.00	−0.01	0.02	−0.03	0.00	0.02	0.01	−0.06	0.16	−0.02	0.15	0.14	−0.03	−0.09	1.00
Capital intensity	8.23	1.86	0.01	0.01	0.01	0.00	0.02	−0.03	0.02	0.01	0.03	−0.01	0.02	−0.01	0.41	0.33	0.02	−0.08	0.69	1.00

Values of financial indicators, including ROA, financial leverage, R&D intensity, profitability (one-year lagged ROA), sales growth, and tangibility, are shown as percentage points. These financial indicators are winsorized at 0.5% and 99.5% levels before matching with the top executive attribute data.

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