Table head

Correlation-based calculation

Model 1

Model 2

Performance measurement

0.030

(0.354)

0.033

(0.299)

Country of origin (Emerging economies or not)

−0.251**

(0.003)

−0.229**

(0.006)

Country of origin (Developed or not)

−0.268**

(0.009)

−0.251*

(0.013)

Ownership structure

−0.072

(0.070)

−0.081*

(0.038)

Host country type

−0.067*

(0.035)

Constant

0.271*

(0.019)

0.286*

(0.011)

Variance

2.38*

2.75*

Adj R2

24.78%

32.52%