Table 3. Correlation matrix Variable ROA... | Emerald Publishing

Table 3.

Correlation matrix

Variable	ROA	EBIT margin	Net profit margin	Points ratio	Size	Debt ratio	Wage turnover ratio	Capital intensity	Intangible assets ratio	Stadium capacity	Ownership concentration
ROA	–
EBIT margin	0.908***	–
Net profit margin	0.835***	0.913***	–
Points ratio	0.006	0.018	0.014	–
Size	−0.257***	−0.261***	−0.219***	0.681***	–
Debt ratio	−0.306***	−0.253***	−0.268***	−0.076	−0.041	–
Wage turnover ratio	−0.627***	−0.634***	−0.590***	−0.123**	0.064	0.158***	–
Capital intensity	−0.260***	−0.230***	−0.243***	0.060	0.179***	0.215***	0.222***	–
Intangible assets ratio	−0.343***	−0.343***	−0.319***	−0.062	0.011	0.259***	0.162***	0.332***	–
Stadium capacity	−0.199***	−0.184***	−0.184***	0.547***	0.659***	0.133**	0.027	0.133**	−0.006	–
Ownership concentration	−0.157***	−0.181***	−0.148**	−0.093*	0.023	0.116*	−0.201***	−0.123**	0.273***	−0.090	–

Variable	ROA	EBIT margin	Net profit margin	Points ratio	Size	Debt ratio	Wage turnover ratio	Capital intensity	Intangible assets ratio	Stadium capacity	Ownership concentration
ROA	–
EBIT margin	0.908***	–
Net profit margin	0.835***	0.913***	–
Points ratio	0.006	0.018	0.014	–
Size	−0.257***	−0.261***	−0.219***	0.681***	–
Debt ratio	−0.306***	−0.253***	−0.268***	−0.076	−0.041	–
Wage turnover ratio	−0.627***	−0.634***	−0.590***	−0.123**	0.064	0.158***	–
Capital intensity	−0.260***	−0.230***	−0.243***	0.060	0.179***	0.215***	0.222***	–
Intangible assets ratio	−0.343***	−0.343***	−0.319***	−0.062	0.011	0.259***	0.162***	0.332***	–
Stadium capacity	−0.199***	−0.184***	−0.184***	0.547***	0.659***	0.133**	0.027	0.133**	−0.006	–
Ownership concentration	−0.157***	−0.181***	−0.148**	−0.093*	0.023	0.116*	−0.201***	−0.123**	0.273***	−0.090	–

Note(s):

*p < 0.05,

**p < 0.01,

***p < 0.001

Source(s): Authors’ own work