Table 5 Academic spin-off: correlation... | Emerald Publishing

Table 5

Academic spin-off: correlation matrix

		1	2	3	4	5	6	7	8	9	10
1	Firm growth	1.00
2	Female management	−0.03	1.00
3	Age	−0.12	0.01	1.00
4	Size	−0.08	−0.00	0.46	1.00
5	Tangibility	−0.00	−0.02	−0.14	−0.27	1.00
6	Profitability	−0.02	0.05	0.01	0.12	−0.09	1.00
7	Debt	−0.05	−0.03	0.25	0.53	−0.10	−0.02⁺	1.00
8	Cash Holdings	0.06	−0.01	−0.24	−0.50	0.15	−0.16	−0.18	1.00
9	Foreign management	0.00	0.00	0.06	0.22	−0.04	−0.00	0.11	−0.05	1.00
10	Venture Capital	0.02	0.04	−0.05	0.12	−0.02	−0.05	0.05	−0.04	0.07	1.00

		1	2	3	4	5	6	7	8	9	10
1	Firm growth	1.00
2	Female management	−0.03	1.00
3	Age	−0.12	0.01	1.00
4	Size	−0.08	−0.00	0.46	1.00
5	Tangibility	−0.00	−0.02	−0.14	−0.27	1.00
6	Profitability	−0.02	0.05	0.01	0.12	−0.09	1.00
7	Debt	−0.05	−0.03	0.25	0.53	−0.10	−0.02⁺	1.00
8	Cash Holdings	0.06	−0.01	−0.24	−0.50	0.15	−0.16	−0.18	1.00
9	Foreign management	0.00	0.00	0.06	0.22	−0.04	−0.00	0.11	−0.05	1.00
10	Venture Capital	0.02	0.04	−0.05	0.12	−0.02	−0.05	0.05	−0.04	0.07	1.00

Note(s): Correlations greater than 0.05 and lower than −0.05 are statistically significant at the 0.05 level or lower