Table 5 Correlation matrix Variable REM... | Emerald Publishing

Table 5

Correlation matrix

Variable	REM	OWNCON	MANOWN	INSOWN	FOROWN	BDIV	FSIZE	ROA	LEV	FAGE
REM	1
OWNCON	−0.241***	1
MANOWN	−0.447***	0.412***	1
INSOWN	−0.231***	0.316***	0.032	1
FOROWN	−0.191	0.012**	−0.113**	0.061	1
BDIV	−0.211***	0.462***	−0.312**	0.282***	0.252***	1
FSIZE	0.301***	0.082**	0.212***	0.073	0.031	0.212**	1
ROA	−0.271***	0.231***	0.112**	0.131***	0.139***	0.137***	0.226***	1
LEV	0.323***	0.061	0.218***	−0.042	0.321**	−0.332***	0.043	0.581***	1
FAGE	0.414	0.212*	0.091	0.181*	0.141	0.123	0.403***	0.342**	0.415***	1

Variable	REM	OWNCON	MANOWN	INSOWN	FOROWN	BDIV	FSIZE	ROA	LEV	FAGE
REM	1
OWNCON	−0.241***	1
MANOWN	−0.447***	0.412***	1
INSOWN	−0.231***	0.316***	0.032	1
FOROWN	−0.191	0.012**	−0.113**	0.061	1
BDIV	−0.211***	0.462***	−0.312**	0.282***	0.252***	1
FSIZE	0.301***	0.082**	0.212***	0.073	0.031	0.212**	1
ROA	−0.271***	0.231***	0.112**	0.131***	0.139***	0.137***	0.226***	1
LEV	0.323***	0.061	0.218***	−0.042	0.321**	−0.332***	0.043	0.581***	1
FAGE	0.414	0.212*	0.091	0.181*	0.141	0.123	0.403***	0.342**	0.415***	1

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1