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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