Table 4

Correlations results of research variables

Blockholder
Ownership
Institutional
Ownership
Financial reporting integrityEarnings
Quality
Firm
Size
LeverageFirm age
Blockholder ownership1      
Institutional ownership0.162**1     
Financial reporting integrity0.144**0.189**1    
Earnings quality0.042−0.0040.098*1   
Firm Size0.106*−0.070−0.105*0.0201  
Leverage−0.0200.0530.069−0.0640.188**1 
Firm age−0.152**−0.066−0.0030.0020.161**−0.143**1

Note(s):**Correlation is significant at the 0.01 level (2-tailed). *Correlation is significant at the 0.05 level (2-tailed)

Source(s): Table by authors’

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