Table 2

Summary of descriptive statistics and correlation matrix

VariableObsMeanStd. DevMinMaxnewemployee_knowlnew_tech_acqcost_employ_train17graduate_employee17Sectorexport_percpublic_fundingfirm_sizeSales
newemployee_knowl1,9610.21930.4139011        
new_tech_acq1,8300.16070.3673010.191       
cost_employ_train171,6420.00820.014800.120.0930.0231      
graduate_employee172,0603.39662.6681080.1280.0330.1661     
Sector2,16111.66225.96701210.015−0.0460.1240.2681    
export_perc1,9160.12960.233700.850.1620.131−0.05030.109−0.2371   
public_funding2,1610.21890.4136010.1470.2100.03660.105−0.0960.2011  
firm_size1,8891.43250.6451130.2490.174−0.0571−0.068−0.0850.240.1041 
Sales1,96620.792773.884801373.450.1770.061−0.01780.02−0.0950.1490.0200.5191
AdoptedRL174,4910.04480.206801
DigitalizationCount4,4910.32950.762505
CollaborationCount4,4910.44380.986805

Source(s): Table by authors

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