Table 4.
Pearson's correlation matrix.
| EID | EP | FP | State | Leverage | Size | Growth | Holder1 | |
|---|---|---|---|---|---|---|---|---|
| EID | 1.000 | |||||||
| EP | 0.209*** | 1.000 | ||||||
| FP | 0.061*** | −0.014 | 1.000 | |||||
| State | −0.026*** | 0.047*** | −0.149*** | 1.000 | ||||
| Leverage | 0.024** | 0.114*** | −0.162*** | 0.222*** | 1.000 | |||
| Size | 0.289*** | 0.182*** | 0.006 | 0.234*** | 0.557*** | 1.000 | ||
| Growth | 0.005 | −0.074*** | 0.284*** | −0.100*** | 0.032*** | −0.027*** | 1.000 | |
| Holder1 | 0.006 | −0.029*** | 0.095*** | 0.231*** | 0.029*** | 0.123*** | 0.007 | 1.000 |
Note: *, ** and *** represent significance levels of 10 %, 5 % and 1 %, respectively.