Table A1

Correlation matrix

N. of employees (ln)EBITDAListedYoungRiskPublic purposeArchitect
N. of employees (ln)1.0000      
EBITDA0.21541.0000     
Listed0.13550.36851.0000    
Young−0.2361−0.0220−0.01141.0000   
Risk−0.0492−0.0045−0.00420.05491.0000  
Public purpose0.10480.09490.0778−0.0710−0.00191.0000 
Architect0.04800.00980.0078−0.0097−0.0188−0.01011.0000

Source(s): Own calculations using data from Datscha and Business Retriever

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