Table 2.
Correlations between the variables used in the study
| ITEM | BLSI BIS Index | GEI Index |
Risk Acceptance | Attitudes towards Entrepreneurial Risk | Judicial Effectiveness | Innovation Capability | Resident Applications of Innovations |
|---|---|---|---|---|---|---|---|
| BLSI BIS Index | 1 |
-0.6117008 *** |
-0.37133 * |
-0.5413382 *** |
-0.4469123 ** |
-0.492663 *** |
-0.3361446 * |
| GEI Index | 1 |
0.76327097 *** |
0.78199432 *** |
0.87072628 *** |
0.88502179 *** |
0.70652928 *** |
|
| Risk Acceptance | 1 |
0.5173398 *** |
0.59229646 *** |
0.72770667 *** |
0.51450652 *** |
||
| Attitudes towards Entrepreneurial Risk | 1 |
0.76594822 *** |
0.76236377 *** |
0.67431263 *** |
|||
| Judicial Effectiveness | 1 |
0.81235338 *** |
0.67241477 *** |
||||
| Innovation Capability | 1 |
0.83390961 *** |
|||||
| Resident Applications of Innovations | 1 |
Significance levels *—10%, **—5%, ***—1%
Source: Authors' own study