Table 1

Means, standard deviations, and correlations of the variables in the study 1 sample

VariablesMeans.d123456789
1. Market Cap. (Ln)10.201.43         
2. Innovation Reputation0.250.430.37**        
3. Firm Size (Ln_Employees)10.131.270.40**0.41**       
4. ROA5.496.590.29**0.09*0.08      
5. Firm Age (LN_Year)3.311.010.17**0.09*0.16**0.11*     
6. R&D intensity2.225.790.31**0.020.020.30**−0.02    
7. Advertising intensity3.511.020.34**0.30**0.32**0.09*0.040.18**   
8. Current ratio1.511.02−0.05−0.12**−0.16**0.26**−0.11**0.26**−0.05  
9. Leverage1.707.39−0.20**−0.08−0.04−0.070.04−0.05−0.03−0.09* 
10. Industry dummy107.956.810.000.19**0.05−0.18**−0.09*−0.16**−0.02−0.14**0.05

Note(s): *p < 0.05, **p < 0.01

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