Table 1

Descriptive statistics

VariableObsMeanSD
GenderFemale650.290.45
Male1630.710.45
Age22848.529.14
EducationCollege and Vocation140.060.24
High education2140.940.24
IndustryHealth540.240.43
Information tech600.260.44
Construction410.180.38
Hospitality520.230.42
Financial services210.090.29
PositionOwners1520.670.47
Managers760.330.47
Experience228179.96
Firm age22812.810.72
Firm size22833.4476.34
New venture legitimacy diffusion beyond existing EE (LD)2283.580.81
Passive local legitimacy within existing EE (PLL)2283.340.7
Active local legitimacy within existing EE (ALL)2283.120.61
Legitimacy brokerage (LB)2283.650.72
Network activities (NET)2283.810.87

Source(s): Authors’ own work

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