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Table 3 Descriptive statistics and pairwise correlations

From: Venture capital reputation: a blessing or a curse for entrepreneurial firm innovation—a contingent effect of industrial distance

 

1

2

3

4

5

6

7

8

9

10

11

12

13

Mean

SD

Min

Max

Tfp t + 1

1

            

0.696

0.042

0.391

0.862

VCrep

−0.092*

1

           

0.993

2.406

0

15

IntraRep

−0.014

0.672*

1

          

0.335

0.830

0

8

ExtraRep

−0.108*

0.949*

0.405*

1

         

0.658

1.948

0

15

ID

−0.093*

0.320*

0.031*

0.380*

1

        

0.412

0.343

0

1

NumVC

−0.090*

−0.023

0.001

−0.029

0.070*

1

       

2.049

1.864

1

14

VCAge

−0.050*

0.173*

0.097*

0.172*

0.203*

−0.057*

1

      

8.853

5.537

0

28

Age

−0.180*

0.125*

0.111*

0.107*

0.022

−0.084*

0.189*

1

     

10.382

4.720

1

35

ROA

0.143*

0.032

0.033

0.025

0.028

−0.128*

0.029

0.181*

1

    

0.037

0.328

−4.912

1.533

SOE

−0.062*

−0.014

0.017

−0.025

−0.031

0.019

0.040

0.090*

0.023

1

   

0.057

0.233

0

1

lnSize

−0.252*

0.167*

0.112*

0.158*

0.187*

0.123*

0.097*

0.358*

0.246*

0.179*

1

  

9.798

1.285

5.120

14.718

lnm

0.047*

0.106*

0.086*

0.095*

0.133*

0.059*

0.042*

0.298*

0.262*

0.156*

0.478*

1

 

8.542

1.749

−6.075

14.976

IGrowth

0.181*

−0.064*

−0.050*

−0.058*

−0.175*

0.070*

−0.026

− 0.105*

−0.105*

− 0.019

−0.221*

− 0.215*

1

0.192

0.109

−0.093

0.851

lnGDP

0.179*

−0.041

0.002

−0.051*

−0.090*

0.112*

0.053*

−0.068*

−0.086*

− 0.041

−0.265*

− 0.254*

0.249*

9.408

1.063

4.667

10.672

  1. Notes. *denotes significance below the 10% level