The Shared Transportation Industry in China: Examining the Influence of Regional Environmental Factors on New Venture Formation

Table 2

Matrix of correlations.

Variables	(1)		(2)		(3)		(4)		(5)		(6)		(7)		(8)		(9)		(10)		(11)
(1) Firm		1.000
(2) Density		0.416		1.000
(3) GDP per capita		0.092		0.107		1.000
(4) Labor		0.028		−0.238		−0.052		1.000
(5) Air quality		0.036		0.291		0.015		−0.099		1.000
(6) Human capital		0.275		0.261		0.095		−0.007		0.028		1.000
(7) Venture capital		0.151		0.257		0.129		−0.135		0.124		0.289		1.000
(8) Policy bike sharing		0.255		0.269		0.152		−0.106		0.030		0.357		0.245		1.000
(9) Policy entrepreneurship		0.382		0.375		0.085		−0.068		0.196		0.594		0.308		0.253		1.000
(10) Auxiliary facilities		0.741		0.528		0.117		−0.066		0.030		0.557		0.301		0.360		0.548		1.000
(11) Competition facilities		0.484		0.141		0.057		0.015		−0.110		0.548		0.139		0.216		0.396		0.513		1.000