Table 5. Descriptive statistics and...

Table 5.

Descriptive statistics and correlation matrix (Pearson’s index)

	Mean	SD	VAEmp	ROA	VAIC	TamEmp
Family business (FB)
VAEmp	14.482	1.607	1	0.493*	0.621*	−0.674**
ROA	−2.456	0.992		1	0.754**	0.332*
VAIC	1.160	0.667			1	0.056*
TamEmp	0.239	0.428				1
Non-family business (NFB)
VAEmp	15.077	1.849	1	0.432*	0.657*	−0.697**
ROA	−2.740	1.107		1	0.557**	0.268**
VAIC	1.238	0.705			1	−0.001*
TamEmp	0.154	0.362				1

	Mean	SD	VAEmp	ROA	VAIC	TamEmp
Family business (FB)
VAEmp	14.482	1.607	1	0.493*	0.621*	−0.674**
ROA	−2.456	0.992		1	0.754**	0.332*
VAIC	1.160	0.667			1	0.056*
TamEmp	0.239	0.428				1
Non-family business (NFB)
VAEmp	15.077	1.849	1	0.432*	0.657*	−0.697**
ROA	−2.740	1.107		1	0.557**	0.268**
VAIC	1.238	0.705			1	−0.001*
TamEmp	0.154	0.362				1

Notes:

*The correlation is significant at the 0.05 level (bilateral). **The correlation is significant at the 0.01 level (bilateral)

Source: Own elaboration

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