Table 7

(Survey 2) correlations and descriptive statistics

Variables(1)(2)(3)(4)(5)(6)(7)
(1) Govt. EPPs0.785      
(2) Quasi-govt. EPPs0.4400.84     
(3) Non-govt. EPPs0.4760.4870.81    
(4) EO0.2710.1470.338   
(5) Market performance0.2260.1400.3430.4480.75  
(6) Age0.2270.2410.2510.1220.067 
(7) Size0.3470.2770.2710.2420.1320.536
(8) Industry0.0610.0470.1280.0400.0340.2400.154
Mean4.54.565.045.155.562.916.6
SD1.401.451.371.0121.020.772.13

Note(s): (1) Correlations greater than 0.13 are significant at the 0.05 level. Correlations greater than 0.17 are significant at the 0.01 level; (2) Diagonal is the square root of the average variance extracted (AVE)

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