Table II. Correlation matrix Variables 1... | Emerald Publishing

Table II.

Correlation matrix

Variables	1	2	3	4	5	6	7	8
Firm ownership	1.00
Firm size	0.213**	1.00
Firm age	0.01	0.386**	1.00
Low-cost strategy	0.137*	0.143*	0.117	1.00
Competitive intensity	−0.012	0.113	−0.005	0.456**	1.00
Operational performance	−0.001	0.035	0.035	0.552**	0.495**	1.00
Financial performance	0.036	0.296**	0.163**	0.526**	0.330**	0.639**	1.00
Overall performance	0.03	0.196**	0.117	0.584**	0.440**	0.876**	0.931**	1.00

Variables	1	2	3	4	5	6	7	8
Firm ownership	1.00
Firm size	0.213**	1.00
Firm age	0.01	0.386**	1.00
Low-cost strategy	0.137*	0.143*	0.117	1.00
Competitive intensity	−0.012	0.113	−0.005	0.456**	1.00
Operational performance	−0.001	0.035	0.035	0.552**	0.495**	1.00
Financial performance	0.036	0.296**	0.163**	0.526**	0.330**	0.639**	1.00
Overall performance	0.03	0.196**	0.117	0.584**	0.440**	0.876**	0.931**	1.00

Notes:

*Significant at the 0.05 level (two-tailed); **significant at the 0.01 level (two-tailed)