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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Journal of Economic Structures Cover Image

Table 1 Descriptive statistics and correlations

From: Companies profitability under economic instability: evidence from the manufacturing industry in Russia

VariablesMeanMinMaxStd. devCorrelation matrix
123456789
Size of the enterprise20.1118.0826.431.251.00        
Fixed assets share23.50− 3.2399.5919.140.06***1.00       
Current liquidity ratio2.760.00977.2611.89− 0.03***− 0.03***1.00      
Gross profitability of sales16.93− 172.01106.1715.610.11***0.02***0.07***1.00     
Share of borrowed capital62.330.00298.6032.720.05***− 0.13***− 0.19***− 0.25***1.00    
Average interest rates12.1510.6013.951.25− 0.01*− 0.010.000.01*0.03***1.00   
Average annual exchange rate45.7431.0866.0814.88− 0.02**− 0.03***0.02***0.03***0.000.38***1.00  
Ruble’s depreciation5.69− 12.2323.5312.860.000.01− 0.010.000.03***0.75***− 0.18***1.00 
ShareFO0.110.001.000.290.22***0.03***− 0.010.12***0.03***0.000.000.001.00
  1. *** p < 0.001, ** p < 0.01, * p < 0.05, p < 0.10