Table 2. Correlation coefficient matrix... | Emerald Publishing

Table 2.

Correlation coefficient matrix

Variables	S	Sigma	ILLQ	HL	DV	DVP	Turnover	Retp	Retn	DR	Size	MI
S	1	−0.096	−0.033	0.284	0.122	0.171	0.162	0.019	−0.019	−0.057	−0.039	−0.073
Sigma		1	−0.003	0.089	0.023	0.041	0.054	0.058	−0.067	−0.026	−0.024	0.024
ILLQ			1	−0.102	−0.255	−0.093	−0.115	−0.101	0.093	−0.076	−0.160	0.013
HL				1	0.313	0.403	0.514	0.402	−0.474	−0.160	−0.153	−0.200
DV					1	0.635	0.396	0.178	−0.087	0.138	0.439	−0.022
DVP						1	0.490	0.194	−0.053	−0.136	0.037	−0.074
Turnover							1	0.314	−0.167	−0.116	−0.156	−0.022
Retp								1	0.294	−0.060	−0.035	−0.071
Retn									1	0.055	0.057	0.105
DR										1	0.274	0.031
Size											1	0.033
MI												1

Variables	S	Sigma	ILLQ	HL	DV	DVP	Turnover	Retp	Retn	DR	Size	MI
S	1	−0.096	−0.033	0.284	0.122	0.171	0.162	0.019	−0.019	−0.057	−0.039	−0.073
Sigma		1	−0.003	0.089	0.023	0.041	0.054	0.058	−0.067	−0.026	−0.024	0.024
ILLQ			1	−0.102	−0.255	−0.093	−0.115	−0.101	0.093	−0.076	−0.160	0.013
HL				1	0.313	0.403	0.514	0.402	−0.474	−0.160	−0.153	−0.200
DV					1	0.635	0.396	0.178	−0.087	0.138	0.439	−0.022
DVP						1	0.490	0.194	−0.053	−0.136	0.037	−0.074
Turnover							1	0.314	−0.167	−0.116	−0.156	−0.022
Retp								1	0.294	−0.060	−0.035	−0.071
Retn									1	0.055	0.057	0.105
DR										1	0.274	0.031
Size											1	0.033
MI												1

Note:

This table reports the correlation coefficients among variables