Table 2 Correlation matrix ERS Tobin’s Q... | Emerald Publishing

Table 2

Correlation matrix

	ERS	Tobin’s Q	ROA	ROE	S/TA	D/E	SIZE	M/B	CR
ERS	1
Tobin’s Q	−0.063481	1
ROA	0.159326	0.514131	1
ROE	0.211489	0.733470	0.822438	1
S/TA	−0.013194	0.443469	0.162467	0.379952	1
D/E	−0.097531	−0.325026	−0.394846	−0.254336	−0.363645	1
SIZE	0.239739	−0.559692	0.363967	−0.369164	−0.339418	0.555163	1
M/B	0.014918	0.898741	0.350753	0.757055	0.451262	−0.144883	−0.441900	1
CR	−0.080747	0.127801	0.688410	0.387588	−0.240839	0.025843	−0.265664	−0.037417	1

	ERS	Tobin’s Q	ROA	ROE	S/TA	D/E	SIZE	M/B	CR
ERS	1
Tobin’s Q	−0.063481	1
ROA	0.159326	0.514131	1
ROE	0.211489	0.733470	0.822438	1
S/TA	−0.013194	0.443469	0.162467	0.379952	1
D/E	−0.097531	−0.325026	−0.394846	−0.254336	−0.363645	1
SIZE	0.239739	−0.559692	0.363967	−0.369164	−0.339418	0.555163	1
M/B	0.014918	0.898741	0.350753	0.757055	0.451262	−0.144883	−0.441900	1
CR	−0.080747	0.127801	0.688410	0.387588	−0.240839	0.025843	−0.265664	−0.037417	1

Source(s): Authors' own work