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A Systems View Across Time and Space

Table 5 Pearson correlation tests between ROA and VC finance

From: Empirical examination of relationship between venture capital financing and profitability of portfolio companies in Uganda

Tests conducted using Pearson coefficient

Venture capital

ROA

Venture capital

 Pearson correlation

1

0.336**

 Sig. (2-tailed)

 

0.005

 N

68

68

ROA

 Pearson correlation

0.336**

1

 Sig. (2-tailed)

0.005

 

 N

68

68

  1. *Correlation is significant at the 0.05 level (2-tailed) of (P < 0.05) Source: Primary data, 2019–2020
  2. **Correlation is significant at the 0.01 level (2-tailed)