Table II.

Descriptive statistics and correlation matrix

VariablesMeanSDMinimumMaximum123456789
1 Venture performance4.9261.1591.0007.000[0.807]        
2 Entrepreneurial self-efficacy4.5321.0651.1007.0000.566 [0.727]        
3 Formal institutional support4.5121.2641.0007.000−0.0220.057 [0.869]       
4 Informal institutional support4.7261.0441.5007.0000.3750.268−0.125 [0.715]     
5 Marital status0.7180.4510.0001.000−0.057−0.180−0.0680.068–    
6 Age (log)1.6450.0861.4101.8300.0110.1650.0130.045−0.096–   
7 Educational attainment3.4550.9521.0006.0000.1510.1900.1010.149−0.012−0.047–  
8 Entrepreneurial experience0.1580.3660.0001.0000.1740.2470.0070.091−0.1800.0980.120– 
9 Family ties21.88722.2910.000100.000−0.101−0.115−0.102−0.0590.061−0.046−0.057−0.056–

Notes: N = 202; bold values indicate statistical significance at the 0.01 level; the italicized numbers in brackets indicate the square root of the average variance extracted

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