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Correlation matrix between continuous variables
| 1 | 2 | 3 | 4 | 5 | 6 | |
|---|---|---|---|---|---|---|
| 1. ROA | 1 | |||||
| 2. Size (Log beds) | 0.0888*** | 1 | ||||
| 3. Age (Log years) | 0.0616*** | 0.2013*** | 1 | |||
| 4. Technological index | 0.0793*** | 0.5094 *** | 0.0867*** | 1 | ||
| 5. Leverage | −0.4077*** | −0.0798*** | −0.2379*** | − 0.0719*** | 1 | |
| 6. Tangilbility | −0.0717*** | −0.0286 | 0.1461*** | −0.0056 | − 0.0409** | 1 |
**, ***: significant to 5 and 1%, respectively
Source: Own elaboration
