Table 4 Correlation matrix S I Z E i . t... | Emerald Publishing

Table 4

Correlation matrix

	${S I Z E}_{i . t - 1}$	${A G E}_{i . t - 1}$	${D E B T}_{i . t - 1}$	${P R O F}_{i . t - 1}$	${P R O D}_{i . t - 1}$	${G R O W}_{i . t}$
${S I Z E}_{i . t - 1}$	1.0000
${A G E}_{i . t - 1}$	−0.0429*	1.0000
${A G E}_{i . t - 1}$	0.0000
${D E B T}_{i . t - 1}$	0.1196*	−0.1320*	1.0000
${D E B T}_{i . t - 1}$	0.0000	0.0000
${P R O F}_{i . t - 1}$	−0.0960*	−0.0736*	−0.1982*	1.0000
${P R O F}_{i . t - 1}$	0.0000	0.0000	0.0000
${P R O D}_{i . t - 1}$	−0.1879*	−0.0946*	−0.0346*	0.3847*	1.0000
${P R O D}_{i . t - 1}$	0.0000	0.0000	0.0000	0.0000
${G R O W}_{i . t}$	0.0452*	−0.0475*	0.0171*	0.2280*	0.1909*	1.0000
${G R O W}_{i . t}$	0.0000	0.0000	0.0094	0.0000	0.0000

Note(s): * statistical significance 5%

Source(s): Own elaboration