Table 4 Matrix correlation [1] [2] [3]... | Emerald Publishing

Table 4

Matrix correlation

		[1]	[2]	[3]	[4]	[5]
[1]	CEO_RU	1.000
[2]	RNDTA	0.083^*	1.000
[2]		(0.091)
[3]	AGE	−0.187^***	−0.047	1.000
[3]		(0.000)	(0.343)
[4]	BIG4	0.019	0.016	−0.059	1.000
[4]		(0.697)	(0.750)	(0.234)
[5]	FSIZE	0.035	0.113^**	0.046	0.231^***	1.000
[5]		(0.481)	(0.022)	(0.354)	(0.000)
[6]	FAGE	−0.054	0.109^**	0.168^***	0.090^*	0.173^***
[6]		(0.272)	(0.027)	(0.001)	(0.069)	(0.000)
[7]	TANG	−0.133^***	0.020	0.033	−0.002	−0.053
[7]		(0.007)	(0.680)	(0.507)	(0.960)	(0.281)
[8]	ROE	−0.085^*	0.206^***	0.055	0.046	0.114^**
[8]		(0.083)	(0.000)	(0.268)	(0.350)	(0.020)
[9]	CASHEQ	0.065	−0.016	−0.107^**	−0.048	−0.069
[9]		(0.186)	(0.746)	(0.030)	(0.331)	(0.160)
[10]	SCORE	−0.160^***	−0.078	0.143^***	−0.126^**	−0.058
[10]		(0.001)	(0.112)	(0.004)	(0.011)	(0.240)
[11]	GDP	−0.154^***	0.061	−0.083^*	−0.169^***	−0.080
[11]		(0.002)	(0.217)	(0.090)	(0.001)	(0.105)

		[1]	[2]	[3]	[4]	[5]
[1]	CEO_RU	1.000
[2]	RNDTA	0.083^*	1.000
[2]		(0.091)
[3]	AGE	−0.187^***	−0.047	1.000
[3]		(0.000)	(0.343)
[4]	BIG4	0.019	0.016	−0.059	1.000
[4]		(0.697)	(0.750)	(0.234)
[5]	FSIZE	0.035	0.113^**	0.046	0.231^***	1.000
[5]		(0.481)	(0.022)	(0.354)	(0.000)
[6]	FAGE	−0.054	0.109^**	0.168^***	0.090^*	0.173^***
[6]		(0.272)	(0.027)	(0.001)	(0.069)	(0.000)
[7]	TANG	−0.133^***	0.020	0.033	−0.002	−0.053
[7]		(0.007)	(0.680)	(0.507)	(0.960)	(0.281)
[8]	ROE	−0.085^*	0.206^***	0.055	0.046	0.114^**
[8]		(0.083)	(0.000)	(0.268)	(0.350)	(0.020)
[9]	CASHEQ	0.065	−0.016	−0.107^**	−0.048	−0.069
[9]		(0.186)	(0.746)	(0.030)	(0.331)	(0.160)
[10]	SCORE	−0.160^***	−0.078	0.143^***	−0.126^**	−0.058
[10]		(0.001)	(0.112)	(0.004)	(0.011)	(0.240)
[11]	GDP	−0.154^***	0.061	−0.083^*	−0.169^***	−0.080
[11]		(0.002)	(0.217)	(0.090)	(0.001)	(0.105)

		[6]	[7]	[8]	[9]	[10]	[11]
[6]	FAGE	1.000
[7]	TANG	−0.144^***	1.000
[7]		(0.003)
[8]	ROE	0.064	0.063	1.000
[8]		(0.195)	(0.200)
[9]	CASHEQ	−0.089^*	−0.113^**	0.078	1.000
[9]		(0.070)	(0.022)	(0.115)
[10]	SCORE	0.049	0.226^***	−0.008	0.052	1.000
[10]		(0.318)	(0.000)	(0.869)	(0.295)
[11]	GDP	0.033	0.127^**	0.077	0.074	0.228^***	1.000
[11]		(0.509)	(0.010)	(0.120)	(0.135)	(0.000)

		[6]	[7]	[8]	[9]	[10]	[11]
[6]	FAGE	1.000
[7]	TANG	−0.144^***	1.000
[7]		(0.003)
[8]	ROE	0.064	0.063	1.000
[8]		(0.195)	(0.200)
[9]	CASHEQ	−0.089^*	−0.113^**	0.078	1.000
[9]		(0.070)	(0.022)	(0.115)
[10]	SCORE	0.049	0.226^***	−0.008	0.052	1.000
[10]		(0.318)	(0.000)	(0.869)	(0.295)
[11]	GDP	0.033	0.127^**	0.077	0.074	0.228^***	1.000
[11]		(0.509)	(0.010)	(0.120)	(0.135)	(0.000)

Note(s): p-values are given in parentheses

^*p < 0.1, ^**p < 0.05, ^***p < 0.01

Source(s): Authors’ own work