Table 1

Descriptive statistics and correlation coefficients

Pairwise correlations
VariablesMeanS.D.MinMax(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)
(1) International business growth0.040.629−2.3672.3981.000         
(2) Degree of internationalization (DOI)0.4750.23600.914−0.197*1.000        
(3) DOI (squared)0.0090.01600.1070.547*−0.100*1.000       
(4) Institutional Distance24.15317.5040104.051−0.161*0.719*−0.0761.000      
(5) Concentration of client nationality0.380.1980.11110.039−0.234*−0.087−0.423*1.000     
(6) Foreign client transaction structure0.3450.210.08110.198*−0.560*0.089−0.446*0.316*1.000    
(7) Domestic client transaction structure0.1630.1430.0220.7990.0570.0740.006−0.254*0.189*0.152*1.000   
(8) Concentration in technology area0.0460.0450.0110.4230.110*−0.143*0.012−0.316*0.113*0.219*0.456*1.000  
(9) Number of patent claims per application7.7561.7723.90118.810.0610.317*0.114*0.112*0.148*−0.0430.153*0.135*1.000 
(10) Number of pages per application19.7126.0729.97651.8130.0040.399*−0.0050.275*−0.103*−0.304*−0.0570.155*0.285*1.000
(11) Patent registration rate0.450.0850.2260.706−0.0350.0120.0260.062−0.145*0.015−0.112*−0.124*0.108*−0.060
(12) Number of patent attoneys3.0930.6511.3864.5430.0050.425*0.110*0.675*−0.229*−0.267*−0.346*−0.367*0.0880.217*
(13) Turnover rate0.1190.14501−0.204*−0.178*−0.058−0.177*0.103*0.082−0.0370.029−0.093−0.100*
(14) Organizational age3.5020.6710.6934.779−0.0780.372*−0.0480.509*−0.226*−0.244*−0.122*−0.386*0.0510.035
(15) Domestic and foreign technological distance0.3130.207−0.0180.883−0.0580.388*−0.0060.541*−0.260*−0.227*−0.155*−0.151*0.0910.212*
(11)(12)(13)(14)
(1)    
(2)    
(3)    
(4)    
(5)    
(6)    
(7)    
(8)    
(9)    
(10)    
(11)1.000   
(12)0.153*1.000  
(13)−0.084−0.163*1.000 
(14)0.246*0.366*−0.207*1.000
(15)0.0500.506*−0.144*0.286*

Source(s): Authors’ work

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