Table 1.

Descriptive statistics and correlation matrix

No.VariableObsMeanSDMinMax12345678910111213
1Foreign sales (ln)28714.436.320.0022.801.00            
2Restricted SEPs Comp12870.001.53−7.702.25−0.151.00           
3Restricted SEPs Comp22870.001.18−4.102.010.19−0.091.00          
4Extended SEPs Comp12870.002.05−8.694.340.050.360.061.00         
5Extended SEPs Comp22870.001.53−5.324.680.230.030.32−0.021.00        
6Extended SEPs Comp32870.001.24−4.683.400.02−0.050.27−0.010.001.00       
7Family ownership stake28793.7515.8615.00100.00−0.020.250.050.030.05−0.041.00      
8Family involvement2871.851.760.0020.00−0.130.19−0.220.17−0.16−0.050.051.00     
9Importance of internationalization2874.871.421.006.000.470.100.210.33−0.020.18−0.030.001.00    
10Risk propensity Comp12870.001.35−5.032.520.080.070.200.190.060.110.04−0.120.181.00   
11Risk propensity Comp22870.001.16−2.944.38−0.05−0.14−0.070.01−0.280.250.010.07−0.070.021.00  
12Firm age28774.6645.845.00200.000.21−0.160.15−0.060.240.010.02−0.120.180.15−0.041.00 
13Firm size2876.231.651.3910.990.55−0.270.38−0.070.230.05−0.07−0.140.220.070.010.241.00
Source: Table by authors

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