Table 6

Correlation matrix (ownership structure)

VariableENDLGOVOWFROWNMGOWNBIND
ENDL1.000    
GOVOW−0.1131.000   
FROWN0.093−0.0601.000  
MGOWN−0.0610.035−0.0741.000 
INOWN0.1150.049−0.217−0.0221.000
Source(s): Researcher's Computation (2024)
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