Table 4 Coefficients of the Pearson...

Table 4

Coefficients of the Pearson correlation and the Spearman rho

Variables	1	2	3	4	5	6	7	8	9	10	11	12	13	14
1 IMPACT	1	0.094***	−0.107***	0.048***	0.037***	0.144**	0.150***	0.133***	−0.008	0.031**	0.023*	0.118***	−0.016	0.001
2 SALESEMPL	0.120***	1	−0.108***	0.082***	−0.078***	0.234***	0.048***	0.036**	−0.113***	0.002	−0.005	0.099***	−0.050***	−0.039***
3 SECTOR	−0.123***	−0.174***	1	−0.070***	0.129***	−0.048***	0.022	0.039**	0.077***	0.017	−0.012	−0.165***	−0.053***	−0.019
4 SIZE	0.190***	0.691***	−0.228***	1	−0.093***	0.042***	0.025*	0.034*	−0.024*	−0.018	−0.006	0.024	0.002	−0.038***
5 EXPORTERS	0.037***	−0.163***	0.136***	−0.216***	1	−0.065***	0.016	−0.089***	−0.010	0.000	−0.083***	−0.091***	0.013	−0.117***
6 DEMAND	0.147***	0.559***	−0.052***	0.180***	−0.072***	1	0.003	0.090***	−0.188***	−0.099***	−0.034**	0.164***	0.086***	0.111***
7 ADJUSTED	0.127***	0.011	0.024*	0.089***	0.016	−0.008	1	0.068***	0.038***	0.023*	−0.002	−0.080***	−0.137***	−0.186***
8 BUFFER	0.241***	0.079***	0.011	0.120***	−0.144***	0.130***	0.147***	1	0.015	−0.032**	−0.005	−0.013	−0.071***	0.005
9 EQUITY	−0.052***	−0.215***	0.076***	−0.096***	−0.010	−0.194***	0.038***	0.054***	1	−0.187***	0.066***	−0.118***	−0.064***	0.054***
10 LOANS	0.014	−0.060***	0.016	0.020	−0.001	−0.107***	0.024*	−0.042***	−0.187***	1	0.074***	0.005	0.065***	0.042***
11 GOVSUPPORT	0.020	0.000	−0.020	0.046***	−0.080***	−0.041***	−0.007	0.006	0.051***	0.085***	1	0.432***	0.207***	0.401***
12 COUNTRY	0.129***	0.215***	−0.164***	0.147***	−0.100***	0.169***	−0.077***	−0.014	−0.113***	0.019	0.473***	1	0.484***	0.723***
13 COVID19	0.024*	0.142***	−0.087***	0.050***	0.028**	0.109***	−0.129***	−0.131***	−0.087***	0.052***	0.223***	0.560***	1	0.601***
14 CORPGOV	0.001	0.053***	−0.019	−0.060***	−0.117***	0.100***	−0.185***	−0.037**	0.054***	0.043***	0.410***	0.734***	0.523***	1

Variables	1	2	3	4	5	6	7	8	9	10	11	12	13	14
1 IMPACT	1	0.094***	−0.107***	0.048***	0.037***	0.144**	0.150***	0.133***	−0.008	0.031**	0.023*	0.118***	−0.016	0.001
2 SALESEMPL	0.120***	1	−0.108***	0.082***	−0.078***	0.234***	0.048***	0.036**	−0.113***	0.002	−0.005	0.099***	−0.050***	−0.039***
3 SECTOR	−0.123***	−0.174***	1	−0.070***	0.129***	−0.048***	0.022	0.039**	0.077***	0.017	−0.012	−0.165***	−0.053***	−0.019
4 SIZE	0.190***	0.691***	−0.228***	1	−0.093***	0.042***	0.025*	0.034*	−0.024*	−0.018	−0.006	0.024	0.002	−0.038***
5 EXPORTERS	0.037***	−0.163***	0.136***	−0.216***	1	−0.065***	0.016	−0.089***	−0.010	0.000	−0.083***	−0.091***	0.013	−0.117***
6 DEMAND	0.147***	0.559***	−0.052***	0.180***	−0.072***	1	0.003	0.090***	−0.188***	−0.099***	−0.034**	0.164***	0.086***	0.111***
7 ADJUSTED	0.127***	0.011	0.024*	0.089***	0.016	−0.008	1	0.068***	0.038***	0.023*	−0.002	−0.080***	−0.137***	−0.186***
8 BUFFER	0.241***	0.079***	0.011	0.120***	−0.144***	0.130***	0.147***	1	0.015	−0.032**	−0.005	−0.013	−0.071***	0.005
9 EQUITY	−0.052***	−0.215***	0.076***	−0.096***	−0.010	−0.194***	0.038***	0.054***	1	−0.187***	0.066***	−0.118***	−0.064***	0.054***
10 LOANS	0.014	−0.060***	0.016	0.020	−0.001	−0.107***	0.024*	−0.042***	−0.187***	1	0.074***	0.005	0.065***	0.042***
11 GOVSUPPORT	0.020	0.000	−0.020	0.046***	−0.080***	−0.041***	−0.007	0.006	0.051***	0.085***	1	0.432***	0.207***	0.401***
12 COUNTRY	0.129***	0.215***	−0.164***	0.147***	−0.100***	0.169***	−0.077***	−0.014	−0.113***	0.019	0.473***	1	0.484***	0.723***
13 COVID19	0.024*	0.142***	−0.087***	0.050***	0.028**	0.109***	−0.129***	−0.131***	−0.087***	0.052***	0.223***	0.560***	1	0.601***
14 CORPGOV	0.001	0.053***	−0.019	−0.060***	−0.117***	0.100***	−0.185***	−0.037**	0.054***	0.043***	0.410***	0.734***	0.523***	1

Notes:

The lower left triangle is the Spearman correlation coefficients (2-tailed); the upper right triangle is the Pearson correlation coefficients.

Statistical significance is indicated as

**; and

*** at 10%; 5%; and 1% levels, respectively. Definitions of variables are provided in Table 2

[ViewLarge]

Sharing Unavailable