Table 1.
Descriptive statistics and correlations about main variables.
| Variables | Mean | S.D. | VIF | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.Technological innovation performance | 5.850 | 11.791 | – | 1.000 | ||||||||||||
| 2.Degree centrality | 16.677 | 47.102 | 1.35 | 0.337*** | 1.000 | |||||||||||
| 3.Structural holes | 0.561 | 0.321 | 1.32 | 0.210*** | 0.262*** | 1.000 | ||||||||||
| 4.Patent stock | 31.63 | 58.867 | 1.54 | 0.334*** | 0.395*** | 0.244*** | 1.000 | |||||||||
| 5.Scientific collaboration strength | 1.023 | 0.635 | 1.08 | 0.072** | 0.068** | −0.131*** | 0.062** | 1.000 | ||||||||
| 6.R&D intensity | 5.537 | 5.049 | 1.21 | 0.064** | 0.147*** | 0.028 | 0.099*** | 0.063* | 1.000 | |||||||
| 7.Size | 21.766 | 0.996 | 2.60 | 0.115*** | 0.208*** | 0.262*** | 0.354*** | −0.022 | −0.050** | 1.000 | ||||||
| 8.Age | 17.534 | 5.609 | 1.77 | −0.100*** | 0.085*** | 0.048* | 0.074*** | −0.065** | −0.020 | 0.390*** | 1.000 | |||||
| 9.SOE | 0.263 | 0.441 | 1.21 | −0.011 | −0.041 | 0.061** | −0.049** | 0.080*** | −0.184*** | 0.154*** | 0.052** | 1.000 | ||||
| 10.R&D subsidy | 16.253 | 1.416 | 2.00 | 0.108*** | 0.188*** | 0.243*** | 0.295*** | −0.014 | 0.098*** | 0.644*** | 0.264*** | −0.015 | 1.000 | |||
| 11.Export | 0.517 | 0.500 | 1.25 | 0.016 | 0.033 | 0.047* | 0.017 | 0.029 | 0.024 | 0.248*** | 0.108*** | 0.051** | 0.167*** | 1.000 | ||
| 12.ROA | 0.069 | 0.072 | 1.48 | 0.151*** | 0.103*** | 0.115*** | 0.028 | 0.048* | −0.053** | −0.009 | −0.074*** | −0.079*** | 0.059** | −0.053** | 1.000 | |
| 13.Leverage | 0.309 | 0.181 | 1.68 | 0.007 | −0.021 | 0.056** | 0.104*** | 0.005 | −0.090*** | 0.270*** | 0.119*** | 0.265*** | 0.188*** | 0.150*** | −0.432*** | 1.000 |
*p < 0.1, **p < 0.05, ***p < 0.01.