Table 3. Pearson correlations Variables...

Table 3.

Pearson correlations

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
(1) $D A$	1.000
(2) $A B N C F O$	0.176***	1.000
(3) $A B N P R O D$	0.111***	0.187***	1.000
(4) $R E A L I N F L E X P$	−0.001	−0.005	−0.017***	1.000
(5) $A C C I N F L E X P$	−0.001	−0.006	−0.015***	0.969***	1.000
(6) $C O N S R E A L I N F L E X P$	−0.003	0.016***	−0.047***	0.498***	0.494***	1.000
(7) $C O N S A C C I N F L E X P$	−0.004	0.016***	−0.046***	0.491***	0.499***	0.966***	1.000
(8) $L E V$	0.024***	0.078***	0.006	0.034***	0.036***	−0.025***	−0.025***	1.000
(9) $R O A$	0.000	−0.439***	−0.143***	0.041***	0.040***	0.022***	0.026***	−0.176***	1.000
(10) $S A L E S G R$	0.129***	0.015***	0.013***	0.023***	0.030***	0.012***	0.018***	0.000	0.080***	1.000
(11) S $I Z E$	−0.011***	−0.209***	0.001	0.035***	0.030***	0.059***	0.057***	0.103***	0.252***	−0.017***	1.000
(12) $L O S S$	−0.014***	0.278***	0.106***	−0.079***	−0.077***	−0.070***	−0.072***	0.109***	−0.606***	−0.095***	−0.276***	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
(1) $D A$	1.000
(2) $A B N C F O$	0.176***	1.000
(3) $A B N P R O D$	0.111***	0.187***	1.000
(4) $R E A L I N F L E X P$	−0.001	−0.005	−0.017***	1.000
(5) $A C C I N F L E X P$	−0.001	−0.006	−0.015***	0.969***	1.000
(6) $C O N S R E A L I N F L E X P$	−0.003	0.016***	−0.047***	0.498***	0.494***	1.000
(7) $C O N S A C C I N F L E X P$	−0.004	0.016***	−0.046***	0.491***	0.499***	0.966***	1.000
(8) $L E V$	0.024***	0.078***	0.006	0.034***	0.036***	−0.025***	−0.025***	1.000
(9) $R O A$	0.000	−0.439***	−0.143***	0.041***	0.040***	0.022***	0.026***	−0.176***	1.000
(10) $S A L E S G R$	0.129***	0.015***	0.013***	0.023***	0.030***	0.012***	0.018***	0.000	0.080***	1.000
(11) S $I Z E$	−0.011***	−0.209***	0.001	0.035***	0.030***	0.059***	0.057***	0.103***	0.252***	−0.017***	1.000
(12) $L O S S$	−0.014***	0.278***	0.106***	−0.079***	−0.077***	−0.070***	−0.072***	0.109***	−0.606***	−0.095***	−0.276***	1.000

Note(s):

This table presents the Pearson correlation coefficients among the variables used in the main tests. Refer to Table 1 for definition and measurement of variables. *, ** and *** denote significance at the 10, 5 and 1% levels, respectively

Source(s): Authors’ own work

[ViewLarge]

Sharing Unavailable