Table 7 Correlation analysis Germany... | Emerald Publishing

Table 7

Correlation analysis Germany sample

		1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17
1	LAF	1.00
2	SIZE	0.89	1.00
3	CATA	−0.26	−0.27	1.00
4	QUICK	−0.23	−0.20	0.37	1.00
5	LEV	0.21	0.18	−0.44	−0.24	1.00
6	ROA	0.16	0.26	0.00	0.02	−0.09	1.00
7	LOSS	−0.13	−0.22	−0.01	−0.04	0.10	−0.57	1.00
8	σ (CFO)	0.004	0.04	−0.04	−0.01	0.03	−0.05	0.01	1.00
9	SALES GROWTH	−0.04	−0.02	0.02	−0.01	0.02	0.05	−0.05	0.01	1.00
10	TENURE	0.21	0.18	−0.04	−0.05	0.03	0.12	−0.11	−0.04	−0.04	1.00
11	\|ACCR_1\|	−0.12	−0.16	0.01	−0.02	0.10	−0.17	0.16	0.05	−0.04	−0.05	1.00
12	BIGN	0.39	0.39	−0.09	−0.04	0.02	0.11	−0.05	−0.01	0.003	0.05	−0.03	1.00
13	UNCLEAN OPINION	−0.08	−0.14	0.02	−0.06	0.10	−0.27	0.23	−0.01	0.02	−0.08	0.11	−0.09	1.00
14	LABOR COST	0.06	0.09	−0.08	−0.01	0.03	0.10	−0.03	0.05	−0.02	0.09	−0.04	−0.05	−0.01	1.00
15	National Leader	0.32	0.30	−0.06	−0.03	0.00	0.10	−0.06	−0.01	−0.03	0.09	−0.04	0.30	−0.08	−0.04	1.00
16	Area Leader	0.31	0.31	−0.10	−0.02	0.02	0.07	−0.05	0.06	−0.03	0.11	−0.04	0.33	−0.08	−0.04	0.56	1.00
17	City Leader	0.38	0.39	−0.09	−0.03	0.05	0.08	−0.09	0.01	−0.03	0.10	−0.04	0.30	−0.02	−0.03	0.29	0.44	1.00

Notes:

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