Innovative startups: correlation matrix
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Firm growth | 1.00 | |||||||||
| 2 | Female management | −0.00 | 1.00 | ||||||||
| 3 | Age | −0.19 | 0.02 | 1.00 | |||||||
| 4 | Size | −0.16 | 0.01 | 0.57 | 1.00 | ||||||
| 5 | Tangibility | −0.03 | 0.01 | 0.16 | 0.16 | 1.00 | |||||
| 6 | Profitability | −0.13 | 0.03 | 0.11 | 0.09 | 0.02 | 1.00 | ||||
| 7 | Debt | −0.05 | 0.03 | 0.30 | 0.45 | 0.07 | 0.03 | 1.00 | |||
| 8 | Cash Holdings | 0.07 | 0.01 | −0.19 | −0.18 | −0.21 | 0.01 | −0.11 | 1.00 | ||
| 9 | Foreign management | −0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | −0.02 | 1.00 | |
| 10 | Venture Capital | 0.01 | −0.00 | −0.09 | 0.07 | −0.09 | −0.16 | 0.02 | 0.14 | −0.01 | 1.00 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Firm growth | 1.00 | |||||||||
| 2 | Female management | −0.00 | 1.00 | ||||||||
| 3 | Age | −0.19 | 0.02 | 1.00 | |||||||
| 4 | Size | −0.16 | 0.01 | 0.57 | 1.00 | ||||||
| 5 | Tangibility | −0.03 | 0.01 | 0.16 | 0.16 | 1.00 | |||||
| 6 | Profitability | −0.13 | 0.03 | 0.11 | 0.09 | 0.02 | 1.00 | ||||
| 7 | Debt | −0.05 | 0.03 | 0.30 | 0.45 | 0.07 | 0.03 | 1.00 | |||
| 8 | Cash Holdings | 0.07 | 0.01 | −0.19 | −0.18 | −0.21 | 0.01 | −0.11 | 1.00 | ||
| 9 | Foreign management | −0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | −0.02 | 1.00 | |
| 10 | Venture Capital | 0.01 | −0.00 | −0.09 | 0.07 | −0.09 | −0.16 | 0.02 | 0.14 | −0.01 | 1.00 |
Note(s): Correlations greater than 0.05 and lower than −0.05 are statistically significant at the 0.05 level or lower
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