Table A1 Correlation matrix 1 2 3 4 5 6... | Emerald Publishing

Table A1

Correlation matrix

	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
$1. R & D d e c$	1.0000
2. $c r e d i t$	0.2146	1.0000
$3. s u b s e c t o r$	−0.0836	−0.0693	1.0000
4. $i n f o r m a l c o m p$	−0.0755	0.0221	−0.0631	1.0000
$5. f s i z e_e m p l o y$	0.1388	0.2647	−0.1490	−0.0567	1.0000
6. $l n e x p o r t$	0.2102	0.1065	0.0163	−0.1440	0.1920	1.0000
7. $l n f o r e i g n$	0.0464	0.0179	−0.0776	−0.0881	0.1866	0.1547	1.0000
8. $l n p r o d u c t d i v e r s$	−0.0513	−0.1292	0.1479	−0.0674	−0.0872	0.0493	−0.0697	1.0000
9. $j u d i c i a l$	0.0068	−0.0564	0.0331	0.0619	0.0068	−0.0342	0.0274	−0.0440	1.0000
10. $l n f i r m a g e$	0.1348	0.0873	0.0292	−0.0631	0.2361	0.2439	0.0018	−0.0239	−0.0569	1.0000
11. $l n f i r m a g e s q$	0.1455	0.0838	0.0317	−0.0576	0.2277	0.2454	0.0121	−0.0246	−0.0664	0.9800	1.0000
12. $l e g a l$	0.1058	0.0632	0.0233	−0.0545	0.1340	0.2977	0.1819	−0.0370	−0.0209	0.1920	0.1947	1.0000
13. $f s i z e_l n s a l e s$	0.2103	0.2349	−0.1936	−0.1109	0.6487	0.2762	0.2887	−0.0649	−0.0284	0.3036	0.2966	0.2612	1.0000
14. $f s i z e_l n s a l e s s q$	0.2010	0.2254	−0.1932	−0.1046	0.6380	0.2768	0.2994	−0.0676	−0.0229	0.2875	0.2840	0.2494	0.9958	1.0000
15. $p o l i t i c a l$	0.0424	0.0545	−0.0082	−0.0001	0.0300	−0.0695	−0.0825	0.0041	−0.0370	−0.0217	−0.0088	−0.0033	−0.0351	−0.0403	1.0000
16. tax	−0.0298	0.0075	−0.0181	0.0654	0.0644	0.0016	−0.0044	0.0095	−0.0453	−0.0026	0.0005	0.0175	0.0359	0.0354	0.2081	1.0000

Source(s): Author’s estimates based on the World Bank enterprise surveys