Table 2 Descriptive statistics and... | Emerald Publishing

Table 2

Descriptive statistics and correlations

Variable		M	SD	1	2	3	4	5	6	7	8
1.	Firm performance	3.96	1.48	1
2.	Family involvement in management	2.00	1.77	0.026	1
3.	Use of internal accountant for basic tasks	54.37	32.73	0.213^*	0.457^**	1
4.	Use of external accountant for advising tasks	2.80	1.75	0.508^**	0.395^**	0.504^**	1
5.	Foreign trade exposure	13.69	17.61	0.152	0.016	0.095	0.210^*	1
6.	Perceived competency of CPA in basic accounting tasks	4.42	1.53	0.222^*	0.047	0.172	0.244^**	0.000	1
7.	Perceived competency of CPA in advising tasks	3.73	1.26	0.137	−0.448^**	−0.289^**	−0.213^*	−0.041	0.202^*	1
8.	Use of other external advisors	2.67	0.62	0.070	−0.006	0.055	0.185	0.027	0.171	0.020	1

Variable		M	SD	1	2	3	4	5	6	7	8
1.	Firm performance	3.96	1.48	1
2.	Family involvement in management	2.00	1.77	0.026	1
3.	Use of internal accountant for basic tasks	54.37	32.73	0.213^*	0.457^**	1
4.	Use of external accountant for advising tasks	2.80	1.75	0.508^**	0.395^**	0.504^**	1
5.	Foreign trade exposure	13.69	17.61	0.152	0.016	0.095	0.210^*	1
6.	Perceived competency of CPA in basic accounting tasks	4.42	1.53	0.222^*	0.047	0.172	0.244^**	0.000	1
7.	Perceived competency of CPA in advising tasks	3.73	1.26	0.137	−0.448^**	−0.289^**	−0.213^*	−0.041	0.202^*	1
8.	Use of other external advisors	2.67	0.62	0.070	−0.006	0.055	0.185	0.027	0.171	0.020	1

Note(s): N = 104. Correlations larger than 0.20 (0.28) are significant at the level of 0.05 (0.01), two-tailed test, * p < 0.05, ** p < 0.01

Source(s): Table created by authors