Shareholder internationality and importing activities of emerging market firms

Frontiers of Business Research in China

Table 1 Descriptive statistics and correlation coefficients

Variable	1	2	3	4	5	6	7	8
1. Import propensity	1.000
2. Diversity of importing countries of origin	−0.045	1.000
3. Shareholder internationality	0.186	0.118	1.000
4. Divergence of shareholders’ nationality backgrounds	0.094	0.049	0.508	1.000
5. Experience	0.092	0.276	0.034	0.056	1.000
6. VAT	−0.005	0.003	0.042	0.020	−0.199	1.000
7. Tariffs	−0.001	−0.014	0.035	0.180	−0.037	0.221	1.000
8. Size	0.040	0.175	0.047	0.144	0.062	−0.073	0.198	1.000
Mean	0.637	1.274	0.635	1.813	41.757	14.146	4.592	1.334
SD	0.481	0.735	0.482	2.427	26.248	2.787	3.331	4.140

Notes. For the presentation of Mean and SD, the results in the column of variable 2 are divided by 100