Table 4

Correlation matrix

Variable(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)
(1) Management structure1.000            
(2) Strategic focus0.005***1.000           
(3) Management structure*Strategic focus0.41680.79111.000          
(4) Exit rate0.247−0.126*−0.031*1.000         
(5) Survival rate−0.100−0.1740.0480.0511.000        
(6) Ecosystem maturity0.047−0.101−0.100−0.0570.0301.000       
(7) Duration0.101**−0.085−0.026*0.127*−0.162−0.0351.000      
(8) Age0.059−0.0330.0390.195***−0.179*−0.064−0.0391.000     
(9) USA−0.0600.156*0.140*−0.038−0.080−0.104−0.078−0.0951.000    
(10) Europe−0.0000.0620.0200.117*−0.1270.0690.0830.051−0.462***1.000   
(11) Rest of the world0.108−0.215**−0.130*−0.0690.1930.018−0.0100.047−0.510**−0.480**1.000  
(12) Stage of development−0.142−0.0070.033−0.127*0.026*0.020−0.060−0.0830.0360.030−0.0421.000 
(13) Size0.0710.070−0.0240.0990.066−0.070−0.0870.171*0.002−0.0170.018−0.1351.000

Note(s): *p < 0.05, **p < 0.01, ***p < 0.001

Source(s): Table by authors

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