Table 4. Correlation analysis 1 2 3 4 5... | Emerald Publishing

Table 4.

Correlation analysis

	1	2	3	4	5	6	7	8
1. ICD extent	1	0.892**	0.452**	0.105	0.152	−0.008	0.175	0.342**
2. ICD quality		1	0.523**	0.102	0.141	−0.051	0.228*	0.367**
3. Size			1	0.076	0.119	−0.146	0.501**	0.462**
4. Profitability				1	−0.277**	−0.152	0.054	0.036
5. Leverage					1	−0.040	−0.127	0.053
6. Industry (high-tech)						1	−0.042	−0.008
7. Board size							1	0.073
8. Board independence								1

	1	2	3	4	5	6	7	8
1. ICD extent	1	0.892**	0.452**	0.105	0.152	−0.008	0.175	0.342**
2. ICD quality		1	0.523**	0.102	0.141	−0.051	0.228*	0.367**
3. Size			1	0.076	0.119	−0.146	0.501**	0.462**
4. Profitability				1	−0.277**	−0.152	0.054	0.036
5. Leverage					1	−0.040	−0.127	0.053
6. Industry (high-tech)						1	−0.042	−0.008
7. Board size							1	0.073
8. Board independence								1

Notes:

*p < 0.05; **p < 0.01 (two-tailed)