Table 5 Pearson correlation matrix (1)... | Emerald Publishing

Table 5

Pearson correlation matrix

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) ROA	1.000
(2) MAC	0.212***	1.000
(3) Firm size	−0.281***	0.682***	1.000
(4) Asset turnover	0.422***	0.037	−0.281***	1.000
(5) Leverage	−0250***	−0.183***	0.160***	0.015	1.000
(6) AC independence	0.053	0.006	0.003	−0.062	−0.064*	1.000
(7) AC expertise	−0.004	0.046	0.012	−0.015	−0.019	−0.012	1.000
(8) AC gender	0.131***	0.054	−0.045	0.004	−0.086**	−0.016	0.044	1.000
(9) AC size	0.085**	0.008	−0.035	−0.022	−0.010	0.322***	0.048	0.129***	1.000
(10) AC NED	0.072*	0.183***	0.127***	0.020	−0.024	0.229***	−0.036	0.112***	−0.164***	1.000

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) ROA	1.000
(2) MAC	0.212***	1.000
(3) Firm size	−0.281***	0.682***	1.000
(4) Asset turnover	0.422***	0.037	−0.281***	1.000
(5) Leverage	−0250***	−0.183***	0.160***	0.015	1.000
(6) AC independence	0.053	0.006	0.003	−0.062	−0.064*	1.000
(7) AC expertise	−0.004	0.046	0.012	−0.015	−0.019	−0.012	1.000
(8) AC gender	0.131***	0.054	−0.045	0.004	−0.086**	−0.016	0.044	1.000
(9) AC size	0.085**	0.008	−0.035	−0.022	−0.010	0.322***	0.048	0.129***	1.000
(10) AC NED	0.072*	0.183***	0.127***	0.020	−0.024	0.229***	−0.036	0.112***	−0.164***	1.000

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

Source(s): Authors' computation