Table 1 Descriptive statistics and... | Emerald Publishing

Table 1

Descriptive statistics and correlations

	Mean	SD	1	2	3	4	5	6	7	8	9	10	11
1 R&D intensity (change)	0.000	0.008	1.000
2 Neg. attainment discrepancy	−0.018	0.034	0.110	1.000
3 Pos. attainment discrepancy	0.016	0.030	0.008	0.270	1.000
4 Board size	4.499	2.336	0.026	0.119	−0.085	1.000
5 Board turnover	0.172	0.211	−0.012	−0.006	0.008	0.094	1.000
6 Board age diversity	0.885	2.999	−0.059	0.080	−0.068	−0.117	−0.125	1.000
7 Available slack	1.676	0.778	−0.050	−0.053	0.053	−0.318	−0.004	0.057	1.000
8 Potential slack	0.791	0.941	0.029	0.073	−0.053	0.329	0.030	−0.130	−0.478	1.000
9 Total assets (log)	3.282	0.964	0.054	0.152	−0.152	0.738	0.050	−0.165	−0.541	0.512	1.000
10 Sales (change)	0.067	0.151	−0.305	0.100	0.181	−0.132	−0.112	0.195	0.111	−0.028	−0.107	1.000
11 Altman's Z	3.368	3.199	−0.011	0.029	0.131	−0.189	−0.019	−0.060	0.755	−0.382	−0.401	0.046	1.000

	Mean	SD	1	2	3	4	5	6	7	8	9	10	11
1 R&D intensity (change)	0.000	0.008	1.000
2 Neg. attainment discrepancy	−0.018	0.034	0.110	1.000
3 Pos. attainment discrepancy	0.016	0.030	0.008	0.270	1.000
4 Board size	4.499	2.336	0.026	0.119	−0.085	1.000
5 Board turnover	0.172	0.211	−0.012	−0.006	0.008	0.094	1.000
6 Board age diversity	0.885	2.999	−0.059	0.080	−0.068	−0.117	−0.125	1.000
7 Available slack	1.676	0.778	−0.050	−0.053	0.053	−0.318	−0.004	0.057	1.000
8 Potential slack	0.791	0.941	0.029	0.073	−0.053	0.329	0.030	−0.130	−0.478	1.000
9 Total assets (log)	3.282	0.964	0.054	0.152	−0.152	0.738	0.050	−0.165	−0.541	0.512	1.000
10 Sales (change)	0.067	0.151	−0.305	0.100	0.181	−0.132	−0.112	0.195	0.111	−0.028	−0.107	1.000
11 Altman's Z	3.368	3.199	−0.011	0.029	0.131	−0.189	−0.019	−0.060	0.755	−0.382	−0.401	0.046	1.000

Note(s): n = 363