Summary of descriptive statistics and correlation matrix
| Variable | Obs | Mean | Std. Dev | Min | Max | newemployee_knowl | new_tech_acq | cost_employ_train17 | graduate_employee17 | Sector | export_perc | public_funding | firm_size | Sales |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| newemployee_knowl | 1,961 | 0.2193 | 0.4139 | 0 | 1 | 1 | ||||||||
| new_tech_acq | 1,830 | 0.1607 | 0.3673 | 0 | 1 | 0.19 | 1 | |||||||
| cost_employ_train17 | 1,642 | 0.0082 | 0.0148 | 0 | 0.12 | 0.093 | 0.023 | 1 | ||||||
| graduate_employee17 | 2,060 | 3.3966 | 2.6681 | 0 | 8 | 0.128 | 0.033 | 0.166 | 1 | |||||
| Sector | 2,161 | 11.6622 | 5.9670 | 1 | 21 | 0.015 | −0.046 | 0.124 | 0.268 | 1 | ||||
| export_perc | 1,916 | 0.1296 | 0.2337 | 0 | 0.85 | 0.162 | 0.131 | −0.0503 | 0.109 | −0.237 | 1 | |||
| public_funding | 2,161 | 0.2189 | 0.4136 | 0 | 1 | 0.147 | 0.210 | 0.0366 | 0.105 | −0.096 | 0.201 | 1 | ||
| firm_size | 1,889 | 1.4325 | 0.6451 | 1 | 3 | 0.249 | 0.174 | −0.0571 | −0.068 | −0.085 | 0.24 | 0.104 | 1 | |
| Sales | 1,966 | 20.7927 | 73.8848 | 0 | 1373.45 | 0.177 | 0.061 | −0.0178 | 0.02 | −0.095 | 0.149 | 0.020 | 0.519 | 1 |
| AdoptedRL17 | 4,491 | 0.0448 | 0.2068 | 0 | 1 | |||||||||
| DigitalizationCount | 4,491 | 0.3295 | 0.7625 | 0 | 5 | |||||||||
| CollaborationCount | 4,491 | 0.4438 | 0.9868 | 0 | 5 |
| Variable | Obs | Mean | Std. Dev | Min | Max | newemployee_knowl | new_tech_acq | cost_employ_train17 | graduate_employee17 | Sector | export_perc | public_funding | firm_size | Sales |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| newemployee_knowl | 1,961 | 0.2193 | 0.4139 | 0 | 1 | 1 | ||||||||
| new_tech_acq | 1,830 | 0.1607 | 0.3673 | 0 | 1 | 0.19 | 1 | |||||||
| cost_employ_train17 | 1,642 | 0.0082 | 0.0148 | 0 | 0.12 | 0.093 | 0.023 | 1 | ||||||
| graduate_employee17 | 2,060 | 3.3966 | 2.6681 | 0 | 8 | 0.128 | 0.033 | 0.166 | 1 | |||||
| Sector | 2,161 | 11.6622 | 5.9670 | 1 | 21 | 0.015 | −0.046 | 0.124 | 0.268 | 1 | ||||
| export_perc | 1,916 | 0.1296 | 0.2337 | 0 | 0.85 | 0.162 | 0.131 | −0.0503 | 0.109 | −0.237 | 1 | |||
| public_funding | 2,161 | 0.2189 | 0.4136 | 0 | 1 | 0.147 | 0.210 | 0.0366 | 0.105 | −0.096 | 0.201 | 1 | ||
| firm_size | 1,889 | 1.4325 | 0.6451 | 1 | 3 | 0.249 | 0.174 | −0.0571 | −0.068 | −0.085 | 0.24 | 0.104 | 1 | |
| Sales | 1,966 | 20.7927 | 73.8848 | 0 | 1373.45 | 0.177 | 0.061 | −0.0178 | 0.02 | −0.095 | 0.149 | 0.020 | 0.519 | 1 |
| AdoptedRL17 | 4,491 | 0.0448 | 0.2068 | 0 | 1 | |||||||||
| DigitalizationCount | 4,491 | 0.3295 | 0.7625 | 0 | 5 | |||||||||
| CollaborationCount | 4,491 | 0.4438 | 0.9868 | 0 | 5 |
Source(s): Table by authors