Table 6. Correlation analysis: Italy... | Emerald Publishing

Table 6.

Correlation analysis: Italy sample

		1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18
1	LAH	1.000
2	LAF	0.916	1.000
3	SIZE	0.558	0.544	1.000
4	CATA	−0.134	−0.142	−0.438	1.000
5	QUICK	−0.275	−0.233	−0.130	0.206	1.000
6	LEV	0.194	0.152	0.165	−0.014	−0.572	1.000
7	ROA	0.074	0.061	0.182	0.111	0.128	−0.400	1.000
8	LOSS	−0.073	−0.076	−0.250	−0.029	−0.085	0.250	−0.666	1.000
9	σ (CFO)	−0.188	−0.207	−0.374	0.215	−0.044	0.118	−0.183	0.173	1.000
10	SALES GROWTH	−0.096	−0.104	−0.046	−0.027	−0.027	0.057	−0.005	0.028	0.107	1.000
11	TENURE	0.079	0.095	0.091	−0.088	−0.033	−0.076	0.011	0.021	−0.054	−0.049	1.000
12	\|ACCR_1\|	−0.107	−0.078	−0.260	0.168	−0.017	0.091	−0.146	0.093	0.250	0.090	−0.051	1.000
13	BIGN	0.207	0.254	0.309	−0.134	0.051	−0.080	0.146	−0.153	−0.167	−0.109	0.115	−0.098	1.000
14	UNCLEAN OPINION	0.014	−0.035	−0.046	0.022	−0.003	0.035	−0.126	0.110	0.057	−0.008	0.029	0.003	−0.016	1.000
15	LABOR COST	−0.018	0.003	0.036	0.020	−0.016	0.002	0.084	−0.051	0.033	0.015	0.056	−0.013	−0.107	−0.013	1.000
16	National Leader	0.256	0.267	0.265	−0.030	0.024	0.010	0.133	−0.149	−0.129	−0.031	0.123	−0.104	0.264	0.070	−0.041	1.000
17	Area Leader	0.228	0.230	0.321	−0.079	0.063	0.014	0.120	−0.154	−0.105	−0.034	0.152	−0.089	0.291	0.050	−0.122	0.702	1.000
18	City Leader	0.208	0.209	0.387	−0.082	0.067	0.026	0.165	−0.188	−0.099	−0.033	0.075	−0.111	0.228	−0.002	0.094	0.466	0.577	1.000

Notes:

See Appendix for variable definitions. Correlation coefficients in italic are significant at 5%