Descriptive statistics and correlation
| Mean | SD | Min | Max | Entrepreneurial orientation | International performance | Reverse innovation | FS | BS | ID | TQ | BTMA | AG | ROE | BM | LEV | DUAL | Age | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entrepreneurial orientation | 0.042 | 1.85 | −14.83 | 32.00 | 1 | |||||||||||||
| International performance | 17.4 | 1.49 | 5.09 | 25.03 | 0.067** | |||||||||||||
| Reverse innovation | 21.3 | 1.61 | 9.04 | 28.70 | 0.079** | 0.551** | ||||||||||||
| FS | 23.2 | 1.75 | 18.27 | 30.81 | −0.201** | 0.496** | 0.859** | |||||||||||
| BS | 9.48 | 2.28 | 4.00 | 22.00 | −0.089** | 0.086** | 0.312** | 0.424** | ||||||||||
| ID | 3.49 | 0.84 | 1.00 | 8.00 | −0.066** | 0.176** | 0.354** | 0.454** | 0.828** | |||||||||
| TQ | 1.75 | 1.81 | 0.10 | 33.27 | 0.317** | −0.209** | −0.440** | −0.493** | −0.165** | −0.152** | ||||||||
| BTMA | 1.18 | 1.15 | 0.03 | 10.33 | −0.299** | 0.254** | 0.516** | 0.612** | 0.101** | 0.148** | −0.516** | |||||||
| AG | 0.167 | 0.34 | −0.83 | 10.89 | 0.108** | 0.003 | −0.043* | −0.012 | −0.024 | −0.022 | 0.095** | −0.041** | ||||||
| ROE | 0.082 | 0.82 | −18.57 | 43.61 | 0.151** | 0.016 | 0.013 | 0.025 | −0.003 | −0.007 | 0.046** | −0.032* | 0.021 | |||||
| BM | 10.2 | 4.79 | 1.00 | 57.00 | −0.004 | 0.044* | 0.110** | 0.177** | −0.002 | 0.030* | −0.107** | 0.195** | 0.095** | −0.012 | ||||
| LEV | 0.509 | 0.215 | 0.01 | 1.34 | −0.322** | 0.209** | 0.530** | 0.610** | 0.260** | 0.269** | −0.507** | 0.615** | −0.037* | −0.003 | 0.207** | |||
| DUAL | 0.156 | 0.36 | 0.00 | 1.00 | 0.129** | −0.002 | −0.128** | −0.127** | −0.146** | −0.097** | 0.134** | −0.103** | 0.072** | 0.006 | 0.008 | −0.125** | ||
| Age | 2.62 | 0.46 | −1.00 | 49.00 | −0.148** | 0.024** | 0.087** | 0.121** | 0.067** | 0.001 | −0.087** | 0.058** | −0.108** | 0.000 | 0.103** | 0.175** | −0.026 |
| Mean | SD | Min | Max | Entrepreneurial orientation | International performance | Reverse innovation | FS | BS | ID | TQ | BTMA | AG | ROE | BM | LEV | DUAL | Age | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entrepreneurial orientation | 0.042 | 1.85 | −14.83 | 32.00 | 1 | |||||||||||||
| International performance | 17.4 | 1.49 | 5.09 | 25.03 | 0.067** | |||||||||||||
| Reverse innovation | 21.3 | 1.61 | 9.04 | 28.70 | 0.079** | 0.551** | ||||||||||||
| FS | 23.2 | 1.75 | 18.27 | 30.81 | −0.201** | 0.496** | 0.859** | |||||||||||
| BS | 9.48 | 2.28 | 4.00 | 22.00 | −0.089** | 0.086** | 0.312** | 0.424** | ||||||||||
| ID | 3.49 | 0.84 | 1.00 | 8.00 | −0.066** | 0.176** | 0.354** | 0.454** | 0.828** | |||||||||
| TQ | 1.75 | 1.81 | 0.10 | 33.27 | 0.317** | −0.209** | −0.440** | −0.493** | −0.165** | −0.152** | ||||||||
| BTMA | 1.18 | 1.15 | 0.03 | 10.33 | −0.299** | 0.254** | 0.516** | 0.612** | 0.101** | 0.148** | −0.516** | |||||||
| AG | 0.167 | 0.34 | −0.83 | 10.89 | 0.108** | 0.003 | −0.043* | −0.012 | −0.024 | −0.022 | 0.095** | −0.041** | ||||||
| ROE | 0.082 | 0.82 | −18.57 | 43.61 | 0.151** | 0.016 | 0.013 | 0.025 | −0.003 | −0.007 | 0.046** | −0.032* | 0.021 | |||||
| BM | 10.2 | 4.79 | 1.00 | 57.00 | −0.004 | 0.044* | 0.110** | 0.177** | −0.002 | 0.030* | −0.107** | 0.195** | 0.095** | −0.012 | ||||
| LEV | 0.509 | 0.215 | 0.01 | 1.34 | −0.322** | 0.209** | 0.530** | 0.610** | 0.260** | 0.269** | −0.507** | 0.615** | −0.037* | −0.003 | 0.207** | |||
| DUAL | 0.156 | 0.36 | 0.00 | 1.00 | 0.129** | −0.002 | −0.128** | −0.127** | −0.146** | −0.097** | 0.134** | −0.103** | 0.072** | 0.006 | 0.008 | −0.125** | ||
| Age | 2.62 | 0.46 | −1.00 | 49.00 | −0.148** | 0.024** | 0.087** | 0.121** | 0.067** | 0.001 | −0.087** | 0.058** | −0.108** | 0.000 | 0.103** | 0.175** | −0.026 |
Note(s): *, **, ***, significant at 10%, 5%, and 1%, respectively
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