Table 2 Correlation Matrix 1 2 3 4 5 6 7... | Emerald Publishing

Table 2

Correlation Matrix

		1	2	3	4	5	6	7	8
1	ROIC	1
2	Risk	0.1359^***	1
3	Risk 1	0.6090^***	0.5506^***	1
4	Risk 2	−0.1578^***	0.1980^***	−0.3053^***	1
5	Risk 3	−0.4843^***	0.3408^***	−0.3688^***	−0.1622^***	1
6	Efficiency	0.2143^***	0.0149	0.1445^***	−0.0409^***	−0.1329^***	1
7	Size	0.1231^***	0.0201^*	0.1274^***	−0.0805^***	−0.0741^***	0.0269^***	1
8	Age	−0.0371^***	−0.0413^***	−0.0281^***	−0.0151	−0.0019	−0.0209	0.3123^***	1

		1	2	3	4	5	6	7	8
1	ROIC	1
2	Risk	0.1359^***	1
3	Risk 1	0.6090^***	0.5506^***	1
4	Risk 2	−0.1578^***	0.1980^***	−0.3053^***	1
5	Risk 3	−0.4843^***	0.3408^***	−0.3688^***	−0.1622^***	1
6	Efficiency	0.2143^***	0.0149	0.1445^***	−0.0409^***	−0.1329^***	1
7	Size	0.1231^***	0.0201^*	0.1274^***	−0.0805^***	−0.0741^***	0.0269^***	1
8	Age	−0.0371^***	−0.0413^***	−0.0281^***	−0.0151	−0.0019	−0.0209	0.3123^***	1

Note(s): Pairwise correlations ^*, ^** and ^*** indicate statistical significance at the 10%, 5%, and 1% levels, respectively

Abbreviation: ROIC, return on invested capital