Table 8 Pairwise correlation Variables... | Emerald Publishing

Table 8

Pairwise correlation

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
(1) Liquidity	1.000
(2) (BSCR) BEE score	0.172*	1.000
(2) (BSCR) BEE score	(0.023)
(3) Total asset	0.016	0.048	1.000
(3) Total asset	(0.831)	(0.523)
(4) Debt/equity ratio	0.024	0.014	0.100	1.000
(4) Debt/equity ratio	(0.748)	(0.855)	(0.187)
(5) Big 5 audit firms	−0.043	−0.275*	−0.029	0.118	1.000
(5) Big 5 audit firms	(0.567)	(0.000)	(0.703)	(0.119)
(6) Cross-listing	0.049	0.130*	−0.125*	−0.123	0.098	1.000
(6) Cross-listing	(0.522)	(0.073)	(0.099)	(0.103)	(0.178)
(7) Property types	−0.026	0.006	0.222*	0.077	−0.070	−0.220*	1.000
(7) Property types	(0.730)	(0.930)	(0.003)	(0.308)	(0.335)	(0.002)

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
(1) Liquidity	1.000
(2) (BSCR) BEE score	0.172*	1.000
(2) (BSCR) BEE score	(0.023)
(3) Total asset	0.016	0.048	1.000
(3) Total asset	(0.831)	(0.523)
(4) Debt/equity ratio	0.024	0.014	0.100	1.000
(4) Debt/equity ratio	(0.748)	(0.855)	(0.187)
(5) Big 5 audit firms	−0.043	−0.275*	−0.029	0.118	1.000
(5) Big 5 audit firms	(0.567)	(0.000)	(0.703)	(0.119)
(6) Cross-listing	0.049	0.130*	−0.125*	−0.123	0.098	1.000
(6) Cross-listing	(0.522)	(0.073)	(0.099)	(0.103)	(0.178)
(7) Property types	−0.026	0.006	0.222*	0.077	−0.070	−0.220*	1.000
(7) Property types	(0.730)	(0.930)	(0.003)	(0.308)	(0.335)	(0.002)

Note(s): **p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors’ own work