Table 2

Descriptives

MeanSt. DevMinMax(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)
Export Intensity0.380.280.01.01            
Family ownership0.710.360.01.0−0.011           
Leverage0.570.210.01.2−0.05−0.09*1          
Liquidity1.491.240.19.7−0.010.07*−0.29*1         
Family board0.570.390.01.0−0.000.63*−0.040.021        
Group0.990.100.01.0−0.030.06*−0.0130.030.061       
Family CEO0.640.480.01.00.010.58*−0.020.020.55*0.041      
CEO duality0.340.470.01.00.03−0.030.02−0.00−0.010.020.13*1     
Number Board Member2.161.271.011.00.07*−0.07*−0.09*0.06*−0.30*−0.06*−0.11*−0.021    
ROI0.080.11−0.31.80.040.04−0.020.07*0.07*0.020.06*0.01−0.06*1   
Age38.7319.592.0195.0−0.010.17*−0.09*0.10*−0.00−0.050.07*−0.010.15*−0.051  
Firm Size16.310.8213.819.20.09*0.01−0.26*0.06*−0.19*−0.09*−0.02−0.030.4*−0.08*0.22*1 
Service0.170.370.01.0−0.17*−0.020.03−0.030.000.00−0.040.00−0.04−0.08−0.05−0.06*1
Family Manager0.610.380.01.0−0.020.74*−0.040.000.67*0.08*0.75*−0.00−0.15*0.050.10*−0.06*−0.02

Note(s):N = 1,132; *p < 0.05

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