Descriptive statistics
| Variable | Obs | Mean | SD | |
|---|---|---|---|---|
| Gender | Female | 65 | 0.29 | 0.45 |
| Male | 163 | 0.71 | 0.45 | |
| Age | 228 | 48.52 | 9.14 | |
| Education | College and Vocation | 14 | 0.06 | 0.24 |
| High education | 214 | 0.94 | 0.24 | |
| Industry | Health | 54 | 0.24 | 0.43 |
| Information tech | 60 | 0.26 | 0.44 | |
| Construction | 41 | 0.18 | 0.38 | |
| Hospitality | 52 | 0.23 | 0.42 | |
| Financial services | 21 | 0.09 | 0.29 | |
| Position | Owners | 152 | 0.67 | 0.47 |
| Managers | 76 | 0.33 | 0.47 | |
| Experience | 228 | 17 | 9.96 | |
| Firm age | 228 | 12.8 | 10.72 | |
| Firm size | 228 | 33.44 | 76.34 | |
| New venture legitimacy diffusion beyond existing EE (LD) | 228 | 3.58 | 0.81 | |
| Passive local legitimacy within existing EE (PLL) | 228 | 3.34 | 0.7 | |
| Active local legitimacy within existing EE (ALL) | 228 | 3.12 | 0.61 | |
| Legitimacy brokerage (LB) | 228 | 3.65 | 0.72 | |
| Network activities (NET) | 228 | 3.81 | 0.87 | |
| Variable | Obs | Mean | SD | |
|---|---|---|---|---|
| Gender | Female | 65 | 0.29 | 0.45 |
| Male | 163 | 0.71 | 0.45 | |
| Age | 228 | 48.52 | 9.14 | |
| Education | College and Vocation | 14 | 0.06 | 0.24 |
| High education | 214 | 0.94 | 0.24 | |
| Industry | Health | 54 | 0.24 | 0.43 |
| Information tech | 60 | 0.26 | 0.44 | |
| Construction | 41 | 0.18 | 0.38 | |
| Hospitality | 52 | 0.23 | 0.42 | |
| Financial services | 21 | 0.09 | 0.29 | |
| Position | Owners | 152 | 0.67 | 0.47 |
| Managers | 76 | 0.33 | 0.47 | |
| Experience | 228 | 17 | 9.96 | |
| Firm age | 228 | 12.8 | 10.72 | |
| Firm size | 228 | 33.44 | 76.34 | |
| New venture legitimacy diffusion beyond existing EE (LD) | 228 | 3.58 | 0.81 | |
| Passive local legitimacy within existing EE (PLL) | 228 | 3.34 | 0.7 | |
| Active local legitimacy within existing EE (ALL) | 228 | 3.12 | 0.61 | |
| Legitimacy brokerage (LB) | 228 | 3.65 | 0.72 | |
| Network activities (NET) | 228 | 3.81 | 0.87 | |
Source(s): Authors’ own work