Table 1

Descriptive statistics and correlations

VariableMeanSD1234567891011121314
1 Connected CEO0.420.491.00             
2 Year20058.940.001.00            
3 Company health0.440.67−0.010.001.00           
4 Country6.832.750.000.00−0.051.00          
5 Company size2.471.150.010.000.10−0.171.00         
6 Industry5.062.65−0.020.000.03−0.080.091.00        
7 Industry conditions CARs−0.340.66−0.04−0.030.04−0.160.19−0.001.00       
8 Industry conditions ROS10.9313.170.02−0.030.07−0.200.150.150.231.00      
9 Industry conditions ROIC6.864.71−0.05−0.09−0.09−0.180.17−0.100.270.291.00     
10 Industry conditions ROA2.185.12−0.03−0.05−0.01−0.270.18−0.040.240.420.881.00    
11 CARs10.6154460.00−0.00−0.000.00−0.00−0.00−0.00−0.000.000.001.00   
12 ROS−792.1035495−0.010.02−0.01−0.000.01−0.010.000.010.010.010.001.00  
13 ROIC3.15271.80−0.01−0.030.01−0.020.04−0.000.010.030.040.050.000.011.00 
14 ROA−7.14856.900.06−0.000.01−0.090.02−0.000.010.020.020.030.000.050.131.00
Source(s): Authors’ own work

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