Table 3.

Descriptive statistics and Pearson correlation matrix (N = 254).

Variables	Mean	S.D.	1	2	3	4	5	6
1 Ln GIV	14.5	1.35	1.00
2 PROF	7.1	15.86	.10
3 LEVE	53.3	20.34	.17**	−.27**
4 Ln SIZE	22.3	1.92	.62**	−.13*	.50**
5 P_TIE	0.5	0.50	.50**	.13*	.02	.36**
6 O_TYP	0.6	0.49	.17**	−.09	.19**	.40**	.03
7 I_TYP	0.3	0.45	.11	−.05	.25**	.41**	.06	.22**

Note: *, ** represent correlation is significant at the 0.05 and 0.01 level respectively (2-tailed).