Table 2 Pearson correlations RMCFO... | Emerald Publishing

Table 2

Pearson correlations

	RMCFO	RMPROD	RMDISX	RPT	ROA	MKTBK	WBD	FOWN	CEOD	FMBD	BIG4	SIZE	BSIZE	LEV	AGE
ABSDA	−0.036	−0.023	−0.015	−0.032	−0.079	0.028	−0.099	−0.035	−0.002	−0.059	−0.132	−0.218	−0.170	0.045	−0.114
NDA	−0.107	0.012	0.002	0.041	0.118	0.044	0.081	0.036	−0.002	0.114	0.072	0.201	0.191	−0.064	0.056
PDA	−0.149	−0.035	−0.030	−0.024	−0.026	0.089	−0.113	−0.036	−0.005	−0.003	−0.184	−0.235	−0.148	0.021	−0.171
RMCFO		0.225	−0.001	0.066	0.230	0.221	−0.062	0.058	−0.049	0.044	0.091	0.044	0.119	−0.098	−0.033
RMPROD			−0.793	−0.041	0.287	0.179	−0.040	0.068	0.120	0.010	−0.002	−0.037	0.021	−0.103	−0.037
RMDISX				0.079	0.061	−0.025	0.021	−0.060	−0.112	−0.010	0.010	0.093	0.018	0.051	0.014
RPT					−0.007	0.005	0.131	−0.171	−0.019	−0.159	0.048	−0.029	−0.043	0.094	0.115
ROA						0.327	−0.044	0.029	0.063	0.049	0.022	0.044	0.097	−0.248	−0.028
MKTBK							−0.102	0.001	0.027	−0.060	0.020	−0.129	0.074	−0.295	−0.058
WBD								−0.104	−0.072	−0.021	0.182	0.229	0.129	0.046	0.194
FOWN									0.078	0.697	−0.002	−0.149	0.049	0.028	0.017
CEOD										0.236	−0.213	−0.175	−0.189	0.063	−0.098
FMBD											−0.086	−0.164	−0.104	0.042	−0.031
BIG4												0.493	0.291	0.014	0.150
SIZE													0.439	0.056	0.305
BSIZE														−0.034	0.140
LEV															0.025

	RMCFO	RMPROD	RMDISX	RPT	ROA	MKTBK	WBD	FOWN	CEOD	FMBD	BIG4	SIZE	BSIZE	LEV	AGE
ABSDA	−0.036	−0.023	−0.015	−0.032	−0.079	0.028	−0.099	−0.035	−0.002	−0.059	−0.132	−0.218	−0.170	0.045	−0.114
NDA	−0.107	0.012	0.002	0.041	0.118	0.044	0.081	0.036	−0.002	0.114	0.072	0.201	0.191	−0.064	0.056
PDA	−0.149	−0.035	−0.030	−0.024	−0.026	0.089	−0.113	−0.036	−0.005	−0.003	−0.184	−0.235	−0.148	0.021	−0.171
RMCFO		0.225	−0.001	0.066	0.230	0.221	−0.062	0.058	−0.049	0.044	0.091	0.044	0.119	−0.098	−0.033
RMPROD			−0.793	−0.041	0.287	0.179	−0.040	0.068	0.120	0.010	−0.002	−0.037	0.021	−0.103	−0.037
RMDISX				0.079	0.061	−0.025	0.021	−0.060	−0.112	−0.010	0.010	0.093	0.018	0.051	0.014
RPT					−0.007	0.005	0.131	−0.171	−0.019	−0.159	0.048	−0.029	−0.043	0.094	0.115
ROA						0.327	−0.044	0.029	0.063	0.049	0.022	0.044	0.097	−0.248	−0.028
MKTBK							−0.102	0.001	0.027	−0.060	0.020	−0.129	0.074	−0.295	−0.058
WBD								−0.104	−0.072	−0.021	0.182	0.229	0.129	0.046	0.194
FOWN									0.078	0.697	−0.002	−0.149	0.049	0.028	0.017
CEOD										0.236	−0.213	−0.175	−0.189	0.063	−0.098
FMBD											−0.086	−0.164	−0.104	0.042	−0.031
BIG4												0.493	0.291	0.014	0.150
SIZE													0.439	0.056	0.305
BSIZE														−0.034	0.140
LEV															0.025

Note(s): Values in italics are significant at 5% level