Correlations result
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
|---|---|---|---|---|---|---|---|---|
| Zscore | 1.000 | |||||||
| CEO_comp | 0.251** | 1.000 | ||||||
| CSR_ratio | 0.188** | 0.013** | 1.000 | |||||
| Fsize | 0.051** | 0.537** | −0.128*** | 1.000 | ||||
| Lev | −0.454*** | −0.082* | −0.077 | −0.021* | 1.000 | |||
| Tang | −0.379* | −0.136 | −0.090* | −0.057* | 0.117** | 1.000 | ||
| Slack | 0.380** | 0.142 | −0.028** | 0.035 | −0.217* | −0.354* | 1.000 | |
| Sgth | 0.069 | −0.029* | −0.016 | −0.042 | −0.015 | −0.038* | 0.034* | 1.000 |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
|---|---|---|---|---|---|---|---|---|
| Zscore | 1.000 | |||||||
| CEO_comp | 0.251** | 1.000 | ||||||
| CSR_ratio | 0.188** | 0.013** | 1.000 | |||||
| Fsize | 0.051** | 0.537** | −0.128*** | 1.000 | ||||
| Lev | −0.454*** | −0.082* | −0.077 | −0.021* | 1.000 | |||
| Tang | −0.379* | −0.136 | −0.090* | −0.057* | 0.117** | 1.000 | ||
| Slack | 0.380** | 0.142 | −0.028** | 0.035 | −0.217* | −0.354* | 1.000 | |
| Sgth | 0.069 | −0.029* | −0.016 | −0.042 | −0.015 | −0.038* | 0.034* | 1.000 |
Note(s): ***p < 0.01, **p < 0.05, *p < 0.1
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