Table V. Correlations matrix Variables... | Emerald Publishing

Table V.

Correlations matrix

Variables	ROA	Total assets	Leverage	Age	Institutional ownership	Sharīʿah board independence	Frequency of meetings	Big4
ROA	1
Total assets	0.238^**(0.000)	1
Leverage	0.171^**(0.008)	0.137^*(0.033)	1
Age	−0.147^*(0.022)	0.010(0.875)	0.053(0.418)	1
Institutional ownership	−0.071(0.273)	−0.149^*(0.021)	−0.108(0.097)	−0.230^**(0.000)	1
SSB independence	−0.005(0.942)	0.022(0.738)	0.084(0.194)	0.064(0.322)	0.099(0.127)	1
SSB frequency of meetings	−0.135^*(0.037)	−0.197^**(0.002)	−0.125(0.053)	0.075(0.249)	0.083(0.203)	0.084(0.195)	1
Big4	−0.100(0.122)	−0.020(0.762)	0.014(0.835)	0.199^**(0.002)	−0.211^**(0.001)	−0.065(0.314)	0.019(0.775)	1

Variables	ROA	Total assets	Leverage	Age	Institutional ownership	Sharīʿah board independence	Frequency of meetings	Big4
ROA	1
Total assets	0.238^**(0.000)	1
Leverage	0.171^**(0.008)	0.137^*(0.033)	1
Age	−0.147^*(0.022)	0.010(0.875)	0.053(0.418)	1
Institutional ownership	−0.071(0.273)	−0.149^*(0.021)	−0.108(0.097)	−0.230^**(0.000)	1
SSB independence	−0.005(0.942)	0.022(0.738)	0.084(0.194)	0.064(0.322)	0.099(0.127)	1
SSB frequency of meetings	−0.135^*(0.037)	−0.197^**(0.002)	−0.125(0.053)	0.075(0.249)	0.083(0.203)	0.084(0.195)	1
Big4	−0.100(0.122)	−0.020(0.762)	0.014(0.835)	0.199^**(0.002)	−0.211^**(0.001)	−0.065(0.314)	0.019(0.775)	1

Notes:

**

Correlation is significant at the 0.01 level (two-tailed);

*

Correlation is significant at the 0.05 level (two-tailed)