Table 2

Pearson’s correlation matrix

VariablesLEVERED BETAINSIDIRLNASSTOBINSQ
LEVERED BETA1−0.246*0.237*−0.321**
INSDIR−0.246*1−0.0520.077
LNASS0.237*−0.0521−0.099
TOBINSQ−0.321**0.077−0.0011

Notes:

**Significant at the 1% level. *Significant at the 5% level

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