Table 3 Correlation matrix Variables (1)... | Emerald Publishing

Table 3

Correlation matrix

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
(1) ROA	1.00
(2) CGCI_UW	0.20*	1.00
(3) DTA	−0.47*	−0.12*	1.00
(4) FIRM_AGE	0.12*	0.07*	−0.08*	1.00
(5) FIRM_SIZE	0.17*	0.16*	−0.09*	0.16*	1.00
(6) FAR	−0.23*	−0.08*	0.14*	0.11*	0.01*	1.00
(7) SALES_GROW	0.03	0.00	−0.03	0.02	0.01	−0.02	1.00
(8) MARK_CAP	0.38*	0.31*	0.46*	0.14*	0.15*	−0.30*	0.06*	1.00
(9) PPE	−0.03	−0.01	−0.08*	0.04	0.06*	0.05	−0.01	0.72*	1.00

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
(1) ROA	1.00
(2) CGCI_UW	0.20*	1.00
(3) DTA	−0.47*	−0.12*	1.00
(4) FIRM_AGE	0.12*	0.07*	−0.08*	1.00
(5) FIRM_SIZE	0.17*	0.16*	−0.09*	0.16*	1.00
(6) FAR	−0.23*	−0.08*	0.14*	0.11*	0.01*	1.00
(7) SALES_GROW	0.03	0.00	−0.03	0.02	0.01	−0.02	1.00
(8) MARK_CAP	0.38*	0.31*	0.46*	0.14*	0.15*	−0.30*	0.06*	1.00
(9) PPE	−0.03	−0.01	−0.08*	0.04	0.06*	0.05	−0.01	0.72*	1.00

Notes:

All variables defined in Table 1; *indicates significance at the 1% level

Source: Authors’ own work