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Table 1 Correlation matrix

From: Quality management and international trade: institutionalization of quality standards and performance outcomes in China

Variable 1. 2. 3. 4. 5. 6. 7. 8. 9.
1. Sales Performance 1         
2. Cost Efficiency 0.1859* 1        
3. QM Certifications 0.2454* − 0.006 1       
4. Recent Years 0.4029* 0.025 0.3047* 1      
5. Firm Size 0.9069* 0.0794* 0.2035* 0.4451* 1     
6. Firm Age 0.3204* 0.001 0.0651* 0.3485* 0.3644* 1    
7. Capital Slack 0.1256* 0.0752* 0.1656* 0.0867* − 0.0926* 0.029 1   
8. Debt Ratio 0.2248* 0.015 −0.0706* 0.1092* 0.4073* 0.1983* − 0.3636* 1  
9. Dividend Payout 0.018 0.009 −0.002 −0.0721* 0.028 −0.041 − 0.035 0.038 1
Mean 8.678 0.632 0.411 0.597 9.012 2.053 3.148 0.089 0.242
Standard Deviation 1.783 0.943 0.571 0.491 1.613 0.734 3.348 0.113 1.703
  1. *p < 0.01