High performance work systems and corporate performance: the influence of entrepreneurial orientation and organizational learning

Frontiers of Business Research in China

Table 4 Descriptive Statistics, Reliability Coefficients and Correlation Matrix (N = 176)

Variable	average	S.D.	1	2	3	4	5	6	7	8	9
1. Firm size	5.48	2.26	1
2. Industry Type	0.39	0.49	−0.191^*	1
3. Listed	1.72	0.45	−0.545^**	0.163^*	1
4. Firm age	2.49	1.06	0.572^**	−0.106	−0.457^**	1
5.Ownership	1.93	0.55	0.015	−0.369^**	−0.124	−0.059	1
6. HPWS	3.75	0.66	0.058	0.013	−0.207^**	−0.085	0.147	1
7. EO	3.14	0.66	0.012	0.003	−0.066	−0.267^**	0.114	0.450^*	1
8. OL	3.89	0.69	0.036	0.050	−0.193^*	−0.117	0.026	0.594^**	0.490^*	1
9. CP	3.67	0.77	0.273^**	−0.020	−0.387^**	0.095	0.092	0.496^**	0.350^**	0.326^**	1

HPWS high-performance work systems; EO entrepreneurial orientation; OL organizational learning
^*p < 0.05; ^**p < 0.01 (two-tailed tests)