Table 2 Descriptive statistics and correlations.
Variables | Mean | S.D. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Ownership | 0.610 | 0.491 | 1 | |||||||||
2 Age | 18.910 | 5.015 | −0.066 | 1 | ||||||||
3 Size (Ln) | 10.149 | 1.079 | 0.052 | −0.225** | 1 | |||||||
4 Industry | 0.550 | 0.500 | −0.111 | −0.328*** | −0.109 | 1 | ||||||
5 RI | 0.063 | 0.053 | −0.215** | 0.024 | −0.471*** | 0.253** | 1 | |||||
6 RHC | 0.195 | 0.166 | −0.090 | 0.015 | −0.457*** | 0.358*** | 0.742*** | 1 | ||||
7 VC | 0.480 | 0.563 | 0.067 | −0.027 | 0.182* | −0.034 | 0.054 | 0.065 | 1 | |||
8 HC | 1.660 | 1.372 | −0.137 | 0.155 | −0.334*** | 0.089 | 0.547*** | 0.585*** | 0.199* | 1 | ||
9 CC | 0.380 | 0.489 | −0.082 | 0.088 | 0.019 | −0.260** | 0.176* | 0.078 | 0.069 | 0.132 | 1 | |
10 FGC | 0.460 | 0.169 | −0.390*** | 0.132 | −0.348*** | 0.190* | 0.685*** | 0.597*** | 0.134 | 0.545*** | 0.178* | 1 |