Table 3 Correlation matrix NFLC FLC... | Emerald Publishing

Table 3

Correlation matrix

	NFLC	FLC	NFLC_EX	FLC_EX	LERNER	CAP	SIZE	NPL	GDPGR	RATE
NFLC	1
FLC	0.9328***	1
NFLC_EX	0.9752***	0.9145***	1
FLC_EX	0.9052***	0.9812***	0.93***	1
LERNER	0.146**	0.2911***	0.1038	0.257***	1
CAP	−0.2415***	−0.2039***	−0.0206	−0.0111	−0.2047***	1
SIZE	0.2751***	0.3095***	0.1207*	0.1755***	0.6608***	−0.713***	1
NPL	0.2344***	0.2093***	0.2637***	0.233***	−0.0548	0.0973	0.0518	1
GDPGR	0.1448**	0.1395**	0.1008	0.1007	0.2664***	−0.212***	0.1808***	−0.2681***	1
RATE	−0.1884***	−0.1587**	−0.1419**	−0.117*	−0.1163*	0.2289***	−0.2053***	0.1502**	−0.6207***	1

	NFLC	FLC	NFLC_EX	FLC_EX	LERNER	CAP	SIZE	NPL	GDPGR	RATE
NFLC	1
FLC	0.9328***	1
NFLC_EX	0.9752***	0.9145***	1
FLC_EX	0.9052***	0.9812***	0.93***	1
LERNER	0.146**	0.2911***	0.1038	0.257***	1
CAP	−0.2415***	−0.2039***	−0.0206	−0.0111	−0.2047***	1
SIZE	0.2751***	0.3095***	0.1207*	0.1755***	0.6608***	−0.713***	1
NPL	0.2344***	0.2093***	0.2637***	0.233***	−0.0548	0.0973	0.0518	1
GDPGR	0.1448**	0.1395**	0.1008	0.1007	0.2664***	−0.212***	0.1808***	−0.2681***	1
RATE	−0.1884***	−0.1587**	−0.1419**	−0.117*	−0.1163*	0.2289***	−0.2053***	0.1502**	−0.6207***	1

Note(s): significance level (***p < 1%)

Source(s): Authors