Pearson product-moment correlation matrix for independent variables used in Models A and B (n = 1,000)
| Variables | AUDIT | PROFIT-ABILITY | ASSETS | DEBT | MANU-FACTURING | MONTH | PAGES | AGE |
|---|---|---|---|---|---|---|---|---|
| AUDIT | ||||||||
| Pearson correlation | 1 | |||||||
| Significance (two-tailed) | ||||||||
| PROFITABILITY | ||||||||
| Pearson correlation | 0.044 | 1 | ||||||
| Significance (two-tailed) | 0.169 | |||||||
| ASSETS | ||||||||
| Pearson correlation | 0.550** | 0.188** | 1 | |||||
| Significance (two-tailed) | 0.000 | 0.000 | ||||||
| DEBT | ||||||||
| Pearson correlation | 0.234** | −0.164** | 0.199** | 1 | ||||
| Significance (two-tailed) | 0.000 | 0.000 | 0.000 | |||||
| MANUFACTURING | ||||||||
| Pearson correlation | 0.022 | −0.046 | 0.013 | −0.039 | 1 | |||
| Significance (two-tailed) | 0.494 | 0.147 | 0.679 | 0.218 | ||||
| MONTH | ||||||||
| Pearson correlation | 0.034 | −0.001 | 0.067* | 0.004 | 0.017 | 1 | ||
| Significance (two-tailed) | 0.284 | 0.969 | 0.035 | 0.893 | 0.600 | |||
| PAGES | ||||||||
| Pearson correlation | 0.341** | −0.001 | 0.527** | 0.146** | 0.060 | 0.091** | 1 | |
| Significance (two-tailed) | 0.000 | 0.986 | 0.000 | 0.000 | 0.060 | 0.004 | ||
| AGE | ||||||||
| Pearson correlation | 0.202** | −0.018 | 0.209** | −0.097* | 0.054 | −0.036 | 0.140** | 1 |
| Significance (two-tailed) | 0.000 | 0.559 | 0.000 | 0.002 | 0.088 | 0.260 | 0.000 | |
| Variables | AUDIT | PROFIT-ABILITY | ASSETS | DEBT | MANU-FACTURING | MONTH | PAGES | AGE |
|---|---|---|---|---|---|---|---|---|
| Pearson correlation | 1 | |||||||
| Significance (two-tailed) | ||||||||
| Pearson correlation | 0.044 | 1 | ||||||
| Significance (two-tailed) | 0.169 | |||||||
| Pearson correlation | 0.550** | 0.188** | 1 | |||||
| Significance (two-tailed) | 0.000 | 0.000 | ||||||
| Pearson correlation | 0.234** | −0.164** | 0.199** | 1 | ||||
| Significance (two-tailed) | 0.000 | 0.000 | 0.000 | |||||
| Pearson correlation | 0.022 | −0.046 | 0.013 | −0.039 | 1 | |||
| Significance (two-tailed) | 0.494 | 0.147 | 0.679 | 0.218 | ||||
| Pearson correlation | 0.034 | −0.001 | 0.067* | 0.004 | 0.017 | 1 | ||
| Significance (two-tailed) | 0.284 | 0.969 | 0.035 | 0.893 | 0.600 | |||
| Pearson correlation | 0.341** | −0.001 | 0.527** | 0.146** | 0.060 | 0.091** | 1 | |
| Significance (two-tailed) | 0.000 | 0.986 | 0.000 | 0.000 | 0.060 | 0.004 | ||
| Pearson correlation | 0.202** | −0.018 | 0.209** | −0.097* | 0.054 | −0.036 | 0.140** | 1 |
| Significance (two-tailed) | 0.000 | 0.559 | 0.000 | 0.002 | 0.088 | 0.260 | 0.000 | |
Notes:
**Correlation is significant at the 0.01 level (two-tailed), *correlation is significant at the 0.05 level (two-tailed)