Table 5

Correlation matrix

MeanSDBusiness nameOwnership concentrationAgeSecondary sectorTertiary sector
Operating income8.0641.093−0.019**−0.032**0.267**0.013**0.015**
Number of employees3.3090.748−0.065**−0.015*0.174**0.0430.027
Investment7.7781.230−0.025**−0.050**0.314**−0.065**−0.081**
Business name0.3250.468–0.039**0.052**0.015*−0.019**
Ownership concentration1.6574.618 –0.251**0.022**−0.031**
Age2.8760.578  –0.079**−0.077**
Secondary sector0.4340.496   –−0.945**
Tertiary
sector
0.5380.499    –

Note(s): * The correlation is significant at 0.05 (two-tailed), ** The correlation is significant at 0.01 (two-tailed)

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