Table 2 Correlation matrix Variable OKTA... | Emerald Publishing

Table 2

Correlation matrix

Variable	OKTA	OKTC	Investment inefficiency	Size	ROA	Slack	Tangibility	Firm age	Loss	Lev	TQ
OKTA	1.000
OKTC	0.929	1.000
Investment inefficiency	−0.079	−0.050	1.000
Size	−0.054	−0.046	−0.244	1.000
ROA	0.374	0.329	−0.323	0.135	1.000
Slack	0.118	0.126	−0.040	0.038	0.171	1.000
Tangibility	−0.262	−0.352	0.031	0.023	−0.224	−0.600	1.000
Firm age	0.032	0.037	−0.118	0.199	0.033	−0.102	0.045	1.000
Loss	−0.006	−0.014	0.072	−0.101	−0.445	0.079	−0.001	−0.060	1.000
Lev	−0.004	0.046	−0.039	0.092	−0.008	−0.148	0.106	−0.012	0.035	1.000
Tobin’s Q	0.361	0.319	−0.353	0.095	0.554	0.400	−0.297	−0.064	0.016	−0.096	1.000

Variable	OKTA	OKTC	Investment inefficiency	Size	ROA	Slack	Tangibility	Firm age	Loss	Lev	TQ
OKTA	1.000
OKTC	0.929	1.000
Investment inefficiency	−0.079	−0.050	1.000
Size	−0.054	−0.046	−0.244	1.000
ROA	0.374	0.329	−0.323	0.135	1.000
Slack	0.118	0.126	−0.040	0.038	0.171	1.000
Tangibility	−0.262	−0.352	0.031	0.023	−0.224	−0.600	1.000
Firm age	0.032	0.037	−0.118	0.199	0.033	−0.102	0.045	1.000
Loss	−0.006	−0.014	0.072	−0.101	−0.445	0.079	−0.001	−0.060	1.000
Lev	−0.004	0.046	−0.039	0.092	−0.008	−0.148	0.106	−0.012	0.035	1.000
Tobin’s Q	0.361	0.319	−0.353	0.095	0.554	0.400	−0.297	−0.064	0.016	−0.096	1.000

Note(s): This table presents Pearson correlations for the main study variables. All variables are as defined in Appendix 1

Source(s): Authors’ own work