Table 2 Correlation and descriptive...

Table 2

Correlation and descriptive statistics

No.	Variables	M	SD	1	2	3	4	5	6	7	8
1	Firm size^#	2.25	0.70	–
2	Firm age^#	2.30	0.70	0.27**	–
3	Managerial experience^#	2.18	0.57	0.43***	0.13*	–
4	Industry type^†	–	–	−0.13*	−0.11*	0.01	–
5	Competitive intensity	4.88	1.13	0.00	−0.12*	0.05	0.07	0.73
6	Opportunity discovery	4.62	1.01	−0.06	0.07	0.03	0.02	0.15*	0.85
7	Opportunity creation	4.75	1.23	−0.10	−0.13*	−0.05	−0.06	−0.05	0.21**	0.77
8	Family firm growth	4.31	1.16	−0.23**	−0.05	−0.03	0.21**	0.11*	0.21**	−0.17**	0.76

No.	Variables	M	SD	1	2	3	4	5	6	7	8
1	Firm size^#	2.25	0.70	–
2	Firm age^#	2.30	0.70	0.27**	–
3	Managerial experience^#	2.18	0.57	0.43***	0.13*	–
4	Industry type^†	–	–	−0.13*	−0.11*	0.01	–
5	Competitive intensity	4.88	1.13	0.00	−0.12*	0.05	0.07	0.73
6	Opportunity discovery	4.62	1.01	−0.06	0.07	0.03	0.02	0.15*	0.85
7	Opportunity creation	4.75	1.23	−0.10	−0.13*	−0.05	−0.06	−0.05	0.21**	0.77
8	Family firm growth	4.31	1.16	−0.23**	−0.05	−0.03	0.21**	0.11*	0.21**	−0.17**	0.76

Note(s): *p < 0.0.05; **p < 0.01; ***p < 0.001; # = Natural logarithmic transformation of the original values; M = Mean; SD = Standard Deviation; † = Dummy variable; square root of AVE values at diagonals

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