Spearman correlation matrix of the variables
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| (1) BODSIZE | 1.0000 | |||||
| (2) BODIND | 0.2544*** | 1.0000 | ||||
| (3) BODGEN | 0.2953*** | 0.2143*** | 1.0000 | |||
| (4) BSIZE | −0.0435* | −0.0552** | 0.1083*** | 1.0000 | ||
| (5) CRL5 | 0.1273*** | −0.0059 | 0.0520** | 0.1460*** | 1.0000 | |
| (6) GDPpcg | 0.0292 | 0.1092*** | 0.0342 | −0.1685*** | −0.1613*** | 1.0000 |
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| (1) BODSIZE | 1.0000 | |||||
| (2) BODIND | 0.2544*** | 1.0000 | ||||
| (3) BODGEN | 0.2953*** | 0.2143*** | 1.0000 | |||
| (4) BSIZE | −0.0435* | −0.0552** | 0.1083*** | 1.0000 | ||
| (5) CRL5 | 0.1273*** | −0.0059 | 0.0520** | 0.1460*** | 1.0000 | |
| (6) GDPpcg | 0.0292 | 0.1092*** | 0.0342 | −0.1685*** | −0.1613*** | 1.0000 |
Note(s): ***, ** and * denotes significance at 1%, 5% and 10%, respectively