Table 5.
Correlation matrix
| Mean | Std | 1 | 2 | 3 | 4 | 5 | 6 | |
|---|---|---|---|---|---|---|---|---|
| 1. Geographical proximity | 12.23 | 45.39 | ||||||
| 2. Professional network | 8.56 | 3.84 | 0.035 | |||||
| 3. Product or service | 4.01 | 1.30 | 0.066 | − 0.362** | ||||
| 4. Product/service differentiation | 3.00 | 1.25 | − 0.148** | 0.298** | –0.331** | |||
| 5. Pricing | 2.81 | 0.91 | 0.047 | 0.028 | 0.073 | − 0.66 | ||
| 6. Product/service quality | 3.91 | 0.80 | − 0.071 | − 0.043 | 0.039 | 0.102 | 0.363** | |
| 7. Growth 2014–2016 | 3.41 | 15.32 | 0.068 | 0.216** | − 0.186** | 0.030 | − 0.070 | 0.005 |
*p < 0.05, **p < 0.01, ***p < 0.005.