Skip to main content

Table 4 Correlation coefficient

From: Near is more: learning efficiency in research and development innovation among interlocking firms

VARIABLE RD1 CoRD1 KmRD1 RD2 CoRD2 KmRD2 RD_ind1 RD_ind2 Size ROA LEV SOE BM Div Ad HHI Sales_g Cash
RD1 1.00                  
CoRD1 0.19 1.00                 
KmRD1 0.05 0.24 1.00                
RD2 0.84 0.17 0.03 1.00               
CoRD2 0.14 0.85 0.20 0.14 1.00              
KmRD2 0.05 0.21 0.94 0.02 0.24 1.00             
RD_ind1 0.46 0.11 − 0.01 0.49 0.07 − 0.02 1.00            
RD_ind2 0.47 0.14 0.01 0.51 0.11 0.01 0.96 1.00           
Size − 0.19 − 0.05 0.08 − 0.24 − 0.05 0.09 − 0.15 − 0.14 1.00          
ROA 0.17 0.08 0.04 0.13 0.08 0.03 0.04 0.04 − 0.01 1.00         
LEV − 0.23 − 0.13 − 0.01 − 0.31 − 0.15 − 0.01 − 0.12 − 0.14 0.48 − 0.41 1.00        
SOE − 0.13 − 0.11 − 0.03 − 0.19 − 0.12 − 0.04 − 0.06 − 0.08 0.31 − 0.14 0.34 1.00       
BM − 0.01 − 0.02 − 0.02 − 0.01 − 0.06 − 0.03 0.04 − 0.02 0.24 − 0.07 0.01 − 0.02 1.00      
Div 0.03 − 0.01 0.02 0.02 0.01 0.02 0.02 0.01 0.05 0.12 0.01 0.01 − 0.06 1.00     
Ad 0.04 0.01 0.05 − 0.02 0.01 0.04 − 0.06 − 0.05 0.01 0.24 − 0.11 − 0.06 − 0.12 0.02 1.00    
HHI − 0.04 − 0.04 − 0.04 − 0.01 − 0.03 − 0.03 − 0.06 − 0.03 0.05 − 0.01 − 0.01 0.03 0.03 0.01 − 0.03 1.00   
Sales_g − 0.02 − 0.01 0.01 − 0.05 0.01 0.01 0.01 0.01 0.10 0.14 0.07 − 0.03 − 0.01 0.01 0.04 0.01 1.00  
Cash − 0.05 − 0.02 0.01 − 0.06 0.01 0.01 − 0.04 − 0.03 0.12 0.13 0.04 − 0.2 − 0.01 0.02 0.03 − 0.01 0.43 1.00
  1. This table presents the Pearson correlations for the sample observations for all the main variables used. The bold font represents statistical significance at the 5% level