Table 2 Variable statistics and... | Emerald Publishing

Table 2

Variable statistics and correlation matrix

Variables	Mean	SD	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
1. CAR [0, 13] (%)	−6.66	11.3
2. Horizontal complexity	24.5	75.4	−0.10
3. Vertical complexity	20.01	39.8	0.09	−0.07
4. Auto components	0.82	0.38	0.01	−0.47	−0.09
5. Supplier location	0.13	0.16	−0.07	0.06	0.07	−0.02
7. Firm size	21.7	2.29	−0.11	0.40	−0.04	−0.15	−0.11
8. Prior performance	0.03	0.09	−0.13	0.005	0.002	0.14	0.07	0.09
9. Financial leverage	0.61	4.77	0.05	0.007	−0.01	−0.10	0.001	−0.09	−0.29
10. Short-term debt	0.13	0.11	0.003	0.01	0.03	0.01	−0.05	0.08	−0.08	−0.03
11. Cash holding	0.13	0.12	0.05	0.002	0.07	−0.24	−0.001	−0.03	−0.26	0.10	−0.24
12. Inventory turnover	6.97	6.99	−0.07	0.02	−0.03	−0.10	−0.02	0.05	0.02	−0.03	−0.12	0.13
13. Capital intensity	0.09	0.78	−0.04	−0.003	0.03	−0.07	0.04	0.01	−0.05	−0.02	−0.04	0.15	−0.06

Variables	Mean	SD	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
1. CAR [0, 13] (%)	−6.66	11.3
2. Horizontal complexity	24.5	75.4	−0.10
3. Vertical complexity	20.01	39.8	0.09	−0.07
4. Auto components	0.82	0.38	0.01	−0.47	−0.09
5. Supplier location	0.13	0.16	−0.07	0.06	0.07	−0.02
7. Firm size	21.7	2.29	−0.11	0.40	−0.04	−0.15	−0.11
8. Prior performance	0.03	0.09	−0.13	0.005	0.002	0.14	0.07	0.09
9. Financial leverage	0.61	4.77	0.05	0.007	−0.01	−0.10	0.001	−0.09	−0.29
10. Short-term debt	0.13	0.11	0.003	0.01	0.03	0.01	−0.05	0.08	−0.08	−0.03
11. Cash holding	0.13	0.12	0.05	0.002	0.07	−0.24	−0.001	−0.03	−0.26	0.10	−0.24
12. Inventory turnover	6.97	6.99	−0.07	0.02	−0.03	−0.10	−0.02	0.05	0.02	−0.03	−0.12	0.13
13. Capital intensity	0.09	0.78	−0.04	−0.003	0.03	−0.07	0.04	0.01	−0.05	−0.02	−0.04	0.15	−0.06

Note(s): n = 495; coefficient (absolute) values greater than 0.09 are statistically significant at p < 0.05

Source(s): Authors’ own creation