Variable

Mean

S.D.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Time (2nd)

1.23

1.12

1.00

Time (LA)

4.16

3.32

0.20

1.00

Time (patent)

1.19

1.99

−0.05

0.14

1.00

Time (1st)

10.98

2.75

−0.30

0.12

−0.03

1.00

Size

48.78

105.17

−0.19

−0.29

−0.15

0.01

1.00

Alliance experience

0.53

0.50

−0.15

−0.01

0.06

0.30

−0.01

1.00

JV

0.07

0.26

0.16

0.04

0.13

−0.24

−0.07

0.03

1.00

Nation

0.85

0.36

−0.09

0.03

−0.07

0.18

−0.11

−0.04

0.01

1.00

Software

0.24

0.43

−0.12

0.18

0.08

0.12

0.03

−0.01

−0.16

−0.11

1.00

Hardware

0.44

0.50

0.25

−0.01

−0.04

−0.14

0.02

−0.01

0.07

0.07

−0.50

1.00

Bio

0.16

0.37

−0.05

0.05

−0.12

−0.01

0.07

0.01

0.10

0.02

−0.24

−0.39

1.00

Semi

0.08

0.28

−0.16

−0.16

0.15

0.02

−0.03

0.06

0.06

0.02

−0.17

−0.27

−0.13

1.00

Medical

0.04

0.20

−0.08

−0.10

−0.05

−0.05

−0.11

−0.01

−0.06

0.09

−0.12

−0.19

−0.09

−0.06

1.00

Comm.

0.02

0.14

−0.01

−0.13

−0.08

0.13

−0.07

−0.01

−0.04

0.06

−0.08

−0.13

−0.06

−0.04

−0.03

1.00