Table 2. Mean, standard deviation and...

Table 2.

Mean, standard deviation and correlations of the variables

No.	Variable	Mean	SD	1	2	3	4	5
1	Firm age	30.97	26.08
2	Exploratory innovation	3.26	1.34	0.140
3	Exploitative innovation	5.08	1.08	0.088	0.960**
4	Centralisation	4.28	1.12	0.316**	0.198*	0.193*
5	Environmental dynamism	4.91	1.27	−0.071	−0.263**	−0.261**	−0.092
6	Firm performance	4.76	1.09	−0.141	−0.561**	−0.545**	−0.146	0.280**

No.	Variable	Mean	SD	1	2	3	4	5
1	Firm age	30.97	26.08
2	Exploratory innovation	3.26	1.34	0.140
3	Exploitative innovation	5.08	1.08	0.088	0.960**
4	Centralisation	4.28	1.12	0.316**	0.198*	0.193*
5	Environmental dynamism	4.91	1.27	−0.071	−0.263**	−0.261**	−0.092
6	Firm performance	4.76	1.09	−0.141	−0.561**	−0.545**	−0.146	0.280**

Note(s):

**Correlation is significant at the 0.01 level (two-tailed); *Correlation is significant at the 0.05 level (two-tailed); Since firm ownership is a categorical variable, it is not included in this table

Source(s): Authors’ own work

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