Table 7

Pearson correlation matrix

VariableCDCCHCCSCCRCSizeSector
CDC1.00     
CHC0.501.00    
CSC0.380.83*1.00   
CRC0.410.75*0.73*1.00  
Firm size0.200.00−0.12−0.131.00 
Sector (services = 1)0.340.120.120.18−0.311.00

Note(s): * inter-CIC correlations ≥0.70 reflecting IC co-evolution in SMEs

Source(s): Authors’ own work

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