Table 1 Data description and sources... | Emerald Publishing

Table 1

Data description and sources

Variable	Description	Source
SS	The sustainability score is a measurement for social, environmental and economic development. Since this variable varies from 0 to 100, we divide each score by 10 to be in line with other independent variables that range from 0 to 10	The Global Sustainable Competiveness Index 2014–2015; 2015–2016; 2016–2017; 2017–2018
QMS	In your country, how do you assess the quality of business schools? (1 = extremely poor – among the worst in the world; 7 = excellent – among the best in the world)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
EBOF	In your country, how would you rate the corporate ethics of companies (ethical behavior in interactions with public officials, politicians and other firms)? (1 = extremely poor – among the worst in the world; 7 = excellent – among the best in the world)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
SARS	In your country, how strong are financial auditing and reporting standards? (1 = extremely weak; 7 = extremely strong)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
COR	The weight of corruption as the most problematic factor in doing business (a percentage). The information is drawn from the 2014, 2015, 2016 and 2017 edition of the World Economic Forum’s Executive Opinion Survey (Survey). From a list of 16 factors, respondents were asked to select the five most problematic ones and rank them from 1 (most problematic) to 5. The results were then tabulated and weighted according to the ranking assigned by respondents	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
EOLF	Efficiency of legal framework in challenging regulations. In your country, how easy is it for private businesses to challenge government actions and/or regulations through the legal system? (1 = extremely difficult; 7 = extremely easy)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
MKS	The size of the national domestic and foreign market in an index ranging from 0 to 7	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
SIP	Strength of the Investor Protection Index on a scale of 0–10 (best)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)

Variable	Description	Source
SS	The sustainability score is a measurement for social, environmental and economic development. Since this variable varies from 0 to 100, we divide each score by 10 to be in line with other independent variables that range from 0 to 10	The Global Sustainable Competiveness Index 2014–2015; 2015–2016; 2016–2017; 2017–2018
QMS	In your country, how do you assess the quality of business schools? (1 = extremely poor – among the worst in the world; 7 = excellent – among the best in the world)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
EBOF	In your country, how would you rate the corporate ethics of companies (ethical behavior in interactions with public officials, politicians and other firms)? (1 = extremely poor – among the worst in the world; 7 = excellent – among the best in the world)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
SARS	In your country, how strong are financial auditing and reporting standards? (1 = extremely weak; 7 = extremely strong)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
COR	The weight of corruption as the most problematic factor in doing business (a percentage). The information is drawn from the 2014, 2015, 2016 and 2017 edition of the World Economic Forum’s Executive Opinion Survey (Survey). From a list of 16 factors, respondents were asked to select the five most problematic ones and rank them from 1 (most problematic) to 5. The results were then tabulated and weighted according to the ranking assigned by respondents	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
EOLF	Efficiency of legal framework in challenging regulations. In your country, how easy is it for private businesses to challenge government actions and/or regulations through the legal system? (1 = extremely difficult; 7 = extremely easy)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
MKS	The size of the national domestic and foreign market in an index ranging from 0 to 7	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)
SIP	Strength of the Investor Protection Index on a scale of 0–10 (best)	The Global Competiveness report 2014–2015; 2015–2016; 2016–2017; 2017–2018 (country profiles)