Table 3 Bivariate correlation between... | Emerald Publishing

Table 3

Bivariate correlation between dependent and main independent variables^*

		Fiscal autonomy	Cash solvency	Budget solvency	Long-run solvency
Fiscal autonomy	Spearman’s ρ	–
Fiscal autonomy	Significance	–
Cash solvency	Spearman’s ρ	0.066	–
Cash solvency	Significance	0.280	–
Budget solvency	Spearman’s ρ	−0.383	0.426	–
Budget solvency	Significance	<0.001	<0.001	–
Long-run solvency	Spearman’s ρ	−0.007	0.286	0.226	–
Long-run solvency	Significance	0.915	<0.001	<0.001	–

		Fiscal autonomy	Cash solvency	Budget solvency	Long-run solvency
Fiscal autonomy	Spearman’s ρ	–
Fiscal autonomy	Significance	–
Cash solvency	Spearman’s ρ	0.066	–
Cash solvency	Significance	0.280	–
Budget solvency	Spearman’s ρ	−0.383	0.426	–
Budget solvency	Significance	<0.001	<0.001	–
Long-run solvency	Spearman’s ρ	−0.007	0.286	0.226	–
Long-run solvency	Significance	0.915	<0.001	<0.001	–

Note(s)

*

Significant relationships are italicized

Source(s): Authors’ own work