The Relationship between Extent of Internationalization and Firm Performance (Taiwan 1992–2017)

Table 6

Correlation coefficient matrix of all samples.

Tobin’s Q

FS

SC

LA

DA

AG

BS

OB

BP

PL

RD

MT

ME

Tobin’s Q

1.00; —

FS

0.04; (7.35)

1.00; —

SC

−0.02; (−4.05)

0.07; (11.91)

1.00; —

LA

0.06; (9.79)

0.00; (0.16)

−0.08; (−13.75)

1.00; —

DA

−0.22; (−37.33)

0.01; (1.97)

0.16; (27.15)

−0.01; (−1.1)

1.00; —

AG

−0.12; (−19.89)

−0.09; (−14.84)

0.38; (66.88)

−0.18; (−30.21)

0.09; (15.67)

1.00; —

BS

0.11; (18.35)

−0.01; (−2.44)

0.39; (68.95)

−0.16; (−26.17)

−0.06; (−10.4)

0.29; (49.27)

1.00; —

OB

0.18; (29.25)

0.20; (32.94)

0.03; (5.73)

−0.07; (−10.8)

−0.08; (−13.4)

−0.10; (−16.06)

0.19; (31.28)

1.00; —

BP

0.01; (1.48)

0.04; (6.75)

0.25; (42.44)

−0.01; (−1.95)

0.00; (−0.64)

0.00; (−0.78)

0.10; (16.35)

0.06; (10.37)

1.00; —

PL

−0.06; (−9.73)

−0.07; (−10.84)

0.26; (43.61)

−0.05; (−8.22)

0.12; (19.91)

0.18; (30.18)

0.10; (16.41)

−0.09; (−14.18)

0.06; (9.1)

1.00; —

RD

0.18; (30.97)

0.04; (7.27)

−0.24; (−40.55)

0.04; (5.85)

−0.22; (−37.8)

−0.24; (−40.3)

−0.07; (−11.88)

0.07; (11.63)

0.03; (4.6)

−0.06; (−10.59)

1.00; —

MT

0.06; (10.09)

−0.11; (−18.97)

−0.20; (−34.15)

−0.01; (−1.52)

−0.08; (−13.08)

−0.02; (−3.05)

−0.02; (−2.64)

0.03; (5.76)

−0.05; (−3.05)

−0.02; (−7.87)

0.26; (44.66)

1.00; —

ME

0.08; (13.7)

−0.01; (−1.44)

−0.30; (−52.09)

−0.01; (−1.55)

−0.09; (−14.35)

−0.10; (−16.25)

−0.06; (−9.18)

0.04; (6.61)

−0.07; (−10.72)

−0.02; (−2.87)

0.41; (74.04)

0.34; (58.77)

1.00; —