Research Article
The Relationship between Extent of Internationalization and Firm Performance (Taiwan 1992–2017)
Table 7
Correlation matrix-high Tobin’s Q sample.
| | Tobin’s Q | FS | SC | LA | DA | AG | BS | OB | BP | PL | RD | MT | ME |
| Tobin’s Q | 1.00 — | | | | | | | | | | | | | FS | 0.02 (1.82) | 1.00 — | | | | | | | | | | | | SC | −0.11 (−10.03) | 0.05 (4.56) | 1.00 — | | | | | | | | | | | LA | 0.13 (12.78) | 0.02 (1.49) | 0.00 (−0.23) | 1.00 — | | | | | | | | | | DA | −0.22 (−21.16) | 0.05 (4.56) | 0.20 (19.21) | 0.00 (0.2) | 1.00 — | | | | | | | | | AG | −0.17 (−16.6) | −0.08 (−7.21) | 0.29 (28.4) | −0.15 (−14.07) | 0.12 (11.66) | 1.00 — | | | | | | | | BS | −0.04 (−3.98) | −0.13 (−12.17) | 0.30 (30.27) | −0.02 (−1.99) | 0.02 (1.66) | 0.14 (13.09) | 1.00 — | | | | | | | OB | 0.07 (7.13) | 0.13 (12.52) | −0.16 (−15.7) | 0.02 (2.34) | −0.08 (−8.09) | −0.24 (−23.01) | −0.15 (−14.23) | 1.00 — | | | | | | BP | 0.01 (1.3) | 0.03 (2.49) | 0.18 (17.83) | 0.00 (0.38) | 0.00 (0.08) | −0.05 (−4.8) | 0.03 (2.5) | 0.04 (3.83) | 1.00 — | | | | | PL | −0.07 (−6.66) | −0.05 (−4.7) | 0.16 (15.12) | −0.02 (−1.68) | 0.13 (12.37) | 0.10 (9.57) | 0.00 (0.45) | −0.15 (−14.02) | 0.02 (2.27) | 1.00 — | | | | RD | 0.21 (20.79) | 0.02 (2.18) | −0.23 (−22.9) | 0.01 (0.76) | −0.26 (−25.68) | −0.21 (−20.26) | −0.05 (−4.56) | 0.12 (11.58) | 0.05 (4.58) | −0.02 (−2.01) | 1.00 — | | | MT | 0.06 (5.64) | −0.16 (−15.62) | −0.24 (−23.64) | −0.02 (−1.56) | −0.08 (−8.09) | −0.01 (−1.13) | −0.07 (−7.04) | 0.08 (7.82) | −0.05 (−4.94) | 0.01 (1.22) | 0.28 (27.55) | 1.00 — | | ME | 0.11 (10.67) | −0.03 (−2.43) | −0.37 (−37.33) | −0.04 (−3.74) | −0.08 (−7.7) | −0.08 (−7.77) | −0.08 (−7.52) | 0.09 (8.14) | −0.06 (−6.03) | 0.01 (1.02) | 0.43 (45.16) | 0.38 (38.98) | 1.00 — |
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Note: ∗, ∗∗, and ∗∗∗ denote significance at α = 0.1, α = 0.05, and α = 0.01, respectively.
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