Table 5 Descriptive statistics and... | Emerald Publishing

Table 5

Descriptive statistics and correlation matrix

Variables		Mean	S.D.	Min	Max	Correlation coefficients
Variables		Mean	S.D.	Min	Max	1	2	3	4	5	6	7	8	9	10
1.	Decline in environmental risk	−0.02	0.91	−1.93	1.78
2.	Partner-related risk (number of partners)	2.45	0.77	2	8	0.06
3.	IJV age	1.76	0.81	0	3.18	0.76	0.02
4.	Foreign partner stake	49.74	15.67	10	90	0.01	−0.44	0.01
5.	Parity JV	0.25	0.43	0	1	0.05	−0.18	0.02	−0.09
6.	Intraindustry IJV	0.75	0.43	0	1	−0.07	−0.35	−0.08	0.06	−0.06
7.	Post2001	0.14	0.35	0	1	−0.41	−0.04	−0.28	−0.1	−0.01	0.09
8.	FortuneGlobal500	0.42	0.49	0	1	0.01	0.04	0.02	−0.08	−0.02	−0.05	−0.04
9.	Cultural Distance	3.70	0.69	1.14	4.75	0.02	0.03	0	−0.14	0.05	0.11	−0.01	0.2
10.	Marketization	0.84	1.04	−3	2.26	0.01	0.06	0.04	0.07	−0.07	0	−0.03	0.03	−0.06
11.	Foreign partner experience	13.57	18.98	0	135	0.06	0.24	0	−0.2	−0.1	−0.03	0.01	0.42	0.14	−0.01

Variables		Mean	S.D.	Min	Max	Correlation coefficients
Variables		Mean	S.D.	Min	Max	1	2	3	4	5	6	7	8	9	10
1.	Decline in environmental risk	−0.02	0.91	−1.93	1.78
2.	Partner-related risk (number of partners)	2.45	0.77	2	8	0.06
3.	IJV age	1.76	0.81	0	3.18	0.76	0.02
4.	Foreign partner stake	49.74	15.67	10	90	0.01	−0.44	0.01
5.	Parity JV	0.25	0.43	0	1	0.05	−0.18	0.02	−0.09
6.	Intraindustry IJV	0.75	0.43	0	1	−0.07	−0.35	−0.08	0.06	−0.06
7.	Post2001	0.14	0.35	0	1	−0.41	−0.04	−0.28	−0.1	−0.01	0.09
8.	FortuneGlobal500	0.42	0.49	0	1	0.01	0.04	0.02	−0.08	−0.02	−0.05	−0.04
9.	Cultural Distance	3.70	0.69	1.14	4.75	0.02	0.03	0	−0.14	0.05	0.11	−0.01	0.2
10.	Marketization	0.84	1.04	−3	2.26	0.01	0.06	0.04	0.07	−0.07	0	−0.03	0.03	−0.06
11.	Foreign partner experience	13.57	18.98	0	135	0.06	0.24	0	−0.2	−0.1	−0.03	0.01	0.42	0.14	−0.01