Table 2.

Descriptive statistics and correlations

VariablesMeanSDAverage variance extraction12345
Local search3.681.760.8520.923    
Boundary-4.171.570.7270.2290.853   
spanning search
Capability evolution3.661.580.7730.4060.4140.879  
Capability substitution3.891.380.6780.2310.4910.3760.823 
Firm innovation performance3.951.490.750.3630.4270.650.5130.866

Note:

The diagonal bold is the square root of AVE and the others are the Pearson correlation coefficient

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