Table 3 Pairwise correlations Variables...

Table 3

Pairwise correlations

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
(1) WOMMCDUM	1.00
(2) WOMMC	0.80*	1.00
(3) BGENDIV	0.21*	0.16*	1.00
(4) 1WOMAN	0.03	−0.05	−0.02	1.00
(5) 2WOMEN	0.01	−0.02	0.25*	−0.33*	1.00
(6) ≥3WOMEN	0.14*	0.21*	0.56*	−0.34*	−0.30*	1.00
(7) LNBSIZE	−0.10*	0.01	−0.24*	−0.37*	0.05	0.34*	1.00
(8) BINDP	0.10	−0.06	0.31*	0.13*	0.10	−0.12*	−0.57*	1.00
(9) FSIZE	−0.18*	−0.07	−0.17*	−0.05	−0.06	0.06	0.37*	−0.22*	1.00
(10) ROA	0.10	−0.01	0.06	0.09	0.04	−0.08	−0.12*	0.23*	−0.43*	1.00
(11) LEV	−0.06	0.07	−0.18*	−0.03	−0.07	0.12*	0.48*	−0.32*	0.70*	−0.39*	1.00
(12) LFAGE	−0.04	−0.04	0.09	−0.03	−0.10*	0.04	−0.20*	0.02	−0.06	0.10	−0.14*	1.00

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
(1) WOMMCDUM	1.00
(2) WOMMC	0.80*	1.00
(3) BGENDIV	0.21*	0.16*	1.00
(4) 1WOMAN	0.03	−0.05	−0.02	1.00
(5) 2WOMEN	0.01	−0.02	0.25*	−0.33*	1.00
(6) ≥3WOMEN	0.14*	0.21*	0.56*	−0.34*	−0.30*	1.00
(7) LNBSIZE	−0.10*	0.01	−0.24*	−0.37*	0.05	0.34*	1.00
(8) BINDP	0.10	−0.06	0.31*	0.13*	0.10	−0.12*	−0.57*	1.00
(9) FSIZE	−0.18*	−0.07	−0.17*	−0.05	−0.06	0.06	0.37*	−0.22*	1.00
(10) ROA	0.10	−0.01	0.06	0.09	0.04	−0.08	−0.12*	0.23*	−0.43*	1.00
(11) LEV	−0.06	0.07	−0.18*	−0.03	−0.07	0.12*	0.48*	−0.32*	0.70*	−0.39*	1.00
(12) LFAGE	−0.04	−0.04	0.09	−0.03	−0.10*	0.04	−0.20*	0.02	−0.06	0.10	−0.14*	1.00

Note(s): This table presents Pearson’s correlation coefficients between the variables used in the primary regression analyses. Superscript * corresponds to statistical significance at the 5% level

Source(s): Authors’ own work

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