Table 1 Descriptive statistics Variables... | Emerald Publishing

Table 1

Descriptive statistics

Variables	Mean	S.D.	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)
(1) Subsidiary risk	6.621	9.251	1.000
(2) Industry average performance	3.749	3.695	−0.028*	1.000
(3) Subsidiary performance	3.817	16.141	−0.213*	0.205*	1.000
(4) Age	19.422	19.328	−0.100*	0.033*	0.056*	1.000
(5) Size	218.548	1293.217	−0.029*	−0.013*	−0.010*	0.109*	1.000
(6) Slack	3.343	7.143	−0.006*	0.000	0.067*	0.015*	−0.027*	1.000
(7) Shareholder funds	43168.13	553906.4	−0.018*	−0.015*	0.004	0.079*	0.146*	0.008*	1.000
(8) First-level	0.313	0.464	0.006*	0.009*	−0.033*	−0.118*	−0.023*	0.008*	−0.017*	1.000
(9) Host country market size	2.860e+09	8.254e+08	0.033*	−0.015*	0.004	−0.031*	0.003	0.138*	−0.002	0.035*	1.000
(10) Host country wealth	40.731	6.395	0.050*	0.045*	0.015*	−0.030*	0.005*	0.106*	0.004	0.036*	0.936*	1.000
(11) GUO country market size	6.338e+09	7.869e+09	0.023*	0.068*	0.029*	0.020*	0.007*	0.031*	0.024*	−0.105*	−0.034*	0.019*	1.000
(12) GUO country wealth	54.119	20.181	0.005*	−0.036*	0.023*	−0.002	0.001	0.042*	0.002	0.041*	0.128*	0.104*	0.063*	1.000
(13) GUO power distance	42.174	14.108	0.002	0.000	−0.038*	−0.003	0.013*	−0.018*	0.008*	−0.047*	−0.061*	−0.044*	0.007*	−0.504*	1.000
(14) GUO individualism	71.684	18.632	0.018*	0.036*	0.048*	0.016*	−0.003	0.021*	0.008*	−0.059*	−0.004*	0.010*	0.536*	0.234*	−0.409*	1.000
(15) GUO uncertainty avoidance	57.366	19.102	−0.030*	−0.022*	−0.027*	0.018*	0.001	−0.015*	0.004	0.054*	−0.043*	−0.060*	−0.308*	−0.244*	0.438*	−0.426*	1.000
(16) Performance above aspiration	4.254	11.508	0.043*	0.147*	0.723*	0.020*	−0.011*	0.054*	−0.004	−0.089*	0.025*	0.043*	0.042*	0.021*	−0.024*	0.056*	−0.027*	1.000
(17) Power distance	40.394	9.186	−0.070*	−0.086*	−0.021*	0.054*	0.003	−0.093*	−0.004*	−0.050*	−0.775*	−0.822*	−0.052*	−0.071*	0.030*	−0.011*	0.067*	−0.057*	1.000
(18) Individualism	74.428	12.76	0.052*	0.097*	0.006*	−0.013*	−0.006*	−0.031*	0.015*	0.028*	0.147*	0.393*	0.160*	−0.019*	0.018*	0.034*	−0.070*	0.045*	−0.516*	1.000
(19) Uncertainty avoidance	58.376	18.988	−0.090*	−0.165*	−0.030*	0.029*	0.001	−0.004	−0.017*	−0.034*	−0.296*	−0.540*	−0.159*	0.013*	−0.018*	−0.039*	0.081*	−0.077*	0.728*	−0.897*	1.000

Variables	Mean	S.D.	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)
(1) Subsidiary risk	6.621	9.251	1.000
(2) Industry average performance	3.749	3.695	−0.028*	1.000
(3) Subsidiary performance	3.817	16.141	−0.213*	0.205*	1.000
(4) Age	19.422	19.328	−0.100*	0.033*	0.056*	1.000
(5) Size	218.548	1293.217	−0.029*	−0.013*	−0.010*	0.109*	1.000
(6) Slack	3.343	7.143	−0.006*	0.000	0.067*	0.015*	−0.027*	1.000
(7) Shareholder funds	43168.13	553906.4	−0.018*	−0.015*	0.004	0.079*	0.146*	0.008*	1.000
(8) First-level	0.313	0.464	0.006*	0.009*	−0.033*	−0.118*	−0.023*	0.008*	−0.017*	1.000
(9) Host country market size	2.860e+09	8.254e+08	0.033*	−0.015*	0.004	−0.031*	0.003	0.138*	−0.002	0.035*	1.000
(10) Host country wealth	40.731	6.395	0.050*	0.045*	0.015*	−0.030*	0.005*	0.106*	0.004	0.036*	0.936*	1.000
(11) GUO country market size	6.338e+09	7.869e+09	0.023*	0.068*	0.029*	0.020*	0.007*	0.031*	0.024*	−0.105*	−0.034*	0.019*	1.000
(12) GUO country wealth	54.119	20.181	0.005*	−0.036*	0.023*	−0.002	0.001	0.042*	0.002	0.041*	0.128*	0.104*	0.063*	1.000
(13) GUO power distance	42.174	14.108	0.002	0.000	−0.038*	−0.003	0.013*	−0.018*	0.008*	−0.047*	−0.061*	−0.044*	0.007*	−0.504*	1.000
(14) GUO individualism	71.684	18.632	0.018*	0.036*	0.048*	0.016*	−0.003	0.021*	0.008*	−0.059*	−0.004*	0.010*	0.536*	0.234*	−0.409*	1.000
(15) GUO uncertainty avoidance	57.366	19.102	−0.030*	−0.022*	−0.027*	0.018*	0.001	−0.015*	0.004	0.054*	−0.043*	−0.060*	−0.308*	−0.244*	0.438*	−0.426*	1.000
(16) Performance above aspiration	4.254	11.508	0.043*	0.147*	0.723*	0.020*	−0.011*	0.054*	−0.004	−0.089*	0.025*	0.043*	0.042*	0.021*	−0.024*	0.056*	−0.027*	1.000
(17) Power distance	40.394	9.186	−0.070*	−0.086*	−0.021*	0.054*	0.003	−0.093*	−0.004*	−0.050*	−0.775*	−0.822*	−0.052*	−0.071*	0.030*	−0.011*	0.067*	−0.057*	1.000
(18) Individualism	74.428	12.76	0.052*	0.097*	0.006*	−0.013*	−0.006*	−0.031*	0.015*	0.028*	0.147*	0.393*	0.160*	−0.019*	0.018*	0.034*	−0.070*	0.045*	−0.516*	1.000
(19) Uncertainty avoidance	58.376	18.988	−0.090*	−0.165*	−0.030*	0.029*	0.001	−0.004	−0.017*	−0.034*	−0.296*	−0.540*	−0.159*	0.013*	−0.018*	−0.039*	0.081*	−0.077*	0.728*	−0.897*	1.000

Note(s): *p < 0.05