Table 5

Communication differences in Chinese firms

Number of firmsMeanStandard deviationSE mean
Panel A: Strengths
Chinese firms7411812915
Non-Chinese firms2370741286
Difference 589***  
Panel B: Strategies
Chinese firms7413012715
Non-Chinese firms2346923950
Difference 338***  
Panel C: Challenges
Chinese firms7420113416
Non-Chinese firms2332425353
Difference 122**  

Note(s): ***, ** denotes statistical significance at 1 and 5%, respectively

Source(s): Own elaboration

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