Correlation analysis Tobin’s q
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| (1) Tobin’s q | 1.000 | |||||||||
| (2) ACSIZE | 0.022 | 1.000 | ||||||||
| (0.653) | ||||||||||
| (3) ACMEET | 0.119* | 0.059 | 1.000 | |||||||
| (0.013) | (0.221) | |||||||||
| (4) ACEXPERTISE | 0.030 | 0.025 | −0.179* | 1.000 | ||||||
| (0.535) | (0.603) | (0.000) | ||||||||
| (5) NRC | 0.208* | 0.180* | 0.155* | −0.066 | 1.000 | |||||
| (0.000) | (0.000) | (0.001) | (0.169) | |||||||
| (6) IO | 0.017 | −0.008 | −0.004 | −0.009 | 0.046 | 1.000 | ||||
| (0.719) | (0.868) | (0.930) | (0.851) | (0.342) | ||||||
| (7) FO | 0.133* | 0.175* | −0.059 | −0.012 | 0.103* | 0.005 | 1.000 | |||
| (0.005) | (0.000) | (0.215) | (0.806) | (0.032) | (0.917) | |||||
| (8) LEV | 0.092* | 0.036 | 0.083* | 0.031 | −0.084* | −0.011 | −0.125* | 1.000 | ||
| (0.054) | (0.458) | (0.083) | (0.515) | (0.079) | (0.825) | (0.009) | ||||
| (9) GROWTH | 0.134* | 0.021 | −0.001 | −0.031 | 0.087* | 0.000 | −0.080* | −0.018 | 1.000 | |
| (0.005) | (0.663) | (0.986) | (0.515) | (0.068) | (0.994) | (0.094) | (0.714) | |||
| (10) COV | 0.002 | 0.007 | 0.020 | 0.011 | 0.007 | 0.049 | 0.000 | 0.057 | −0.092* | 1.000 |
| (0.971) | (0.890) | (0.672) | (0.822) | (0.883) | (0.302) | (0.999) | (0.236) | (0.055) |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| (1) Tobin’s q | 1.000 | |||||||||
| (2) ACSIZE | 0.022 | 1.000 | ||||||||
| (0.653) | ||||||||||
| (3) ACMEET | 0.119* | 0.059 | 1.000 | |||||||
| (0.013) | (0.221) | |||||||||
| (4) ACEXPERTISE | 0.030 | 0.025 | −0.179* | 1.000 | ||||||
| (0.535) | (0.603) | (0.000) | ||||||||
| (5) NRC | 0.208* | 0.180* | 0.155* | −0.066 | 1.000 | |||||
| (0.000) | (0.000) | (0.001) | (0.169) | |||||||
| (6) IO | 0.017 | −0.008 | −0.004 | −0.009 | 0.046 | 1.000 | ||||
| (0.719) | (0.868) | (0.930) | (0.851) | (0.342) | ||||||
| (7) FO | 0.133* | 0.175* | −0.059 | −0.012 | 0.103* | 0.005 | 1.000 | |||
| (0.005) | (0.000) | (0.215) | (0.806) | (0.032) | (0.917) | |||||
| (8) LEV | 0.092* | 0.036 | 0.083* | 0.031 | −0.084* | −0.011 | −0.125* | 1.000 | ||
| (0.054) | (0.458) | (0.083) | (0.515) | (0.079) | (0.825) | (0.009) | ||||
| (9) GROWTH | 0.134* | 0.021 | −0.001 | −0.031 | 0.087* | 0.000 | −0.080* | −0.018 | 1.000 | |
| (0.005) | (0.663) | (0.986) | (0.515) | (0.068) | (0.994) | (0.094) | (0.714) | |||
| (10) COV | 0.002 | 0.007 | 0.020 | 0.011 | 0.007 | 0.049 | 0.000 | 0.057 | −0.092* | 1.000 |
| (0.971) | (0.890) | (0.672) | (0.822) | (0.883) | (0.302) | (0.999) | (0.236) | (0.055) |
Note(s): *p < 0.1
Source(s): Processed table of the STATA application