Correlation matrix year 2009–2011 (N = 1,118)
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | ||
|---|---|---|---|---|---|---|---|---|
| 1 | ABS | 0.116*** | 0.024 | 0.048 | 0.044 | −0.045 | −0.068** | |
| 2 | NAS | 0.108*** | −0.042 | 0.021 | −0.052* | −0.105*** | −0.023 | |
| 3 | AC_MEET | −0.024 | 0.007 | −0.528*** | 0.001 | 0.110*** | −0.013 | |
| 4 | AC_SIZE | 0.063** | 0.045 | −0.434*** | 0.199*** | −0.095*** | 0.134*** | |
| 5 | BOD_BUMI | 0.047 | 0.011 | 0.069** | 0.192*** | 0.141*** | 0.180*** | |
| 6 | LEVERAGE | −0.075** | −0.067** | 0.080*** | −0.080*** | 0.143*** | 0.161*** | |
| 7 | ASSETS | −0.104*** | 0.013 | 0.006 | 0.154*** | 0.177*** | 0.164*** |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | ||
|---|---|---|---|---|---|---|---|---|
| 1 | ||||||||
| 2 | 0.108*** | |||||||
| 3 | −0.024 | 0.007 | ||||||
| 4 | 0.063** | 0.045 | −0.434 | |||||
| 5 | 0.047 | 0.011 | 0.069 | 0.192 | ||||
| 6 | −0.075** | −0.067** | 0.080 | −0.080 | 0.143 | |||
| 7 | −0.104*** | 0.013 | 0.006 | 0.154 | 0.177 | 0.164 |
Note(s): Please refer to Table 2 for the operational definition. Italicized figures are Pearson correlations. . *, ** and *** represent 10, 5 and 1% significant levels, respectively
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