Table 2.

Descriptive statistics and correlation coefficients between key variables.

	Mean	S.D.	Min	Max	E-Commerce (binary)	Remote work (binary)	E-Commerce (% sales)	Remote work (% workforce)
E-Commerce adoption (binary)	0.27	0.45	0.00	1.00	1.00
Remote work adoption (binary)	0.36	0.48	0.00	1.00	0.27	1.00
					(0.00)
E-Commerce util. (% sales)	6.94	17.69	0.00	100.00	0.44	0.18	1.00
					(0.00)	(0.00)
Remote work util. (% workforce)	5.91	16.47	0.00	100.00	0.17	0.39	0.28	1.00
					(0.00)	(0.00)	(0.00)
Female CEO	0.18	0.39	0.00	1.00	0.02	−0.03	0.04	0.00
					(0.01)	(0.00)	(0.00)	(0.91)
CEO experience	20.67	11.24	1	50	−0.06	0.00	−0.06	−0.02
					(0.00)	(0.46)	(0.00)	(0.00)
ICT constraints	1.49	1.47	0.00	4.00	0.02	0.01	−0.00	−0.00
					(0.01)	(0.31)	(0.58)	(0.94)
Internet access	0.67	0.46	0.00	1.00	0.09	0.15	0.05	0.06
					(0.00)	(0.00)	(0.00)	(0.00)
Business closure	3.03	5.58	0.00	60.00	0.06	−0.02	0.04	0.04
					(0.00)	(0.00)	(0.00)	(0.00)
New products/services (binary)	0.24	0.35	0.00	1.00	0.08	0.13	0.05	0.08
					(0.00)	(0.00)	(0.00)	(0.00)
Quality certification (binary)	0.27	0.44	0.00	1.00	−0.05	0.13	−0.06	0.02
					(0.00)	(0.00)	(0.00)	(0.00)
R&D (binary)	0.13	0.33	0.00	1.00	0.04	0.14	0.02	0.07
					(0.00)	(0.00)	(0.00)	(0.00)
Small firms	0.46	0.50	0.00	1.00	−0.07	−0.21	−0.02	−0.06
					(0.00)	(0.00)	(0.01)	(0.00)
Medium firms	0.34	0.47	0.00	1.00	0.03	0.03	0.01	−0.01
					(0.00)	(0.00)	(0.36)	(0.16)
Large firms	0.20	0.40	0.00	1.00	0.04	0.22	0.01	0.08
					(0.00)	(0.00)	(0.03)	(0.00)
Age	23.70	16.38	2	207	−0.03	0.06	−0.04	−0.00
					(0.00)	(0.00)	(0.00)	(0.75)
Exporting (binary)	0.22	0.41	0.00	1.00	−0.03	0.11	−0.01	0.03
					(0.00)	(0.00)	(0.35)	(0.00)
Foreign owned (binary)	0.11	0.31	0.00	1.00	0.02	0.14	0.05	0.08
					(0.00)	(0.00)	(0.00)	(0.00)
Public owned (binary)	0.01	0.10	0.00	1.00	0.00	−0.00	−0.00	−0.00
					(0.98)	(0.89)	(0.82)	(0.59)