Table 3 Correlation matrix INEF CSD INOW... | Emerald Publishing

Table 3

Correlation matrix

	INEF	CSD	INOW	FS	FA	LEV	ROA	BFE	BGD
INEF	1.0000
CSD	0.1474*	1.0000
INOW	0.2051*	0.1417*	1.0000
FS	−0.0668	0.2676*	0.0419	1.0000
FA	−0.0032	−0.3210*	−0.0767	−0.0776	1.0000
LEV	−0.1980*	0.0303	−0.1049*	0.2677*	0.0161	1.0000
ROA	0.2424*	−0.0015	0.0425	−0.0596	0.0865	−0.1836*	1.0000
BFE	0.1764*	−0.1406*	0.2848*	−0.0247	−0.0056	−0.2466*	0.0780	1.0000
BGD	0.2398*	0.3013*	0.2243*	0.1276*	0.0002	−0.0403	−0.0148	0.1226*	1.0000

	INEF	CSD	INOW	FS	FA	LEV	ROA	BFE	BGD
INEF	1.0000
CSD	0.1474*	1.0000
INOW	0.2051*	0.1417*	1.0000
FS	−0.0668	0.2676*	0.0419	1.0000
FA	−0.0032	−0.3210*	−0.0767	−0.0776	1.0000
LEV	−0.1980*	0.0303	−0.1049*	0.2677*	0.0161	1.0000
ROA	0.2424*	−0.0015	0.0425	−0.0596	0.0865	−0.1836*	1.0000
BFE	0.1764*	−0.1406*	0.2848*	−0.0247	−0.0056	−0.2466*	0.0780	1.0000
BGD	0.2398*	0.3013*	0.2243*	0.1276*	0.0002	−0.0403	−0.0148	0.1226*	1.0000

Note(s): *p < 0.05

Source(s): Author’s own computation