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Variable correlation coefficient table.
| Tobin's Q | KZ | SIZE | AGE | LEV | BPS | |
|---|---|---|---|---|---|---|
| Tobin's Q | 1 | |||||
| KZ | −0.0910∗∗∗ | 1 | ||||
| SIZE | −0.0211∗∗ | 0.0238∗∗∗ | 1 | |||
| AGE | −0.0346∗∗∗ | −0.0169 ∗ | 0.2022∗∗∗ | 1 | ||
| LEV | −0.4069∗∗∗ | 0.5643∗∗∗ | 0.0628∗∗∗ | 0.0055 | 1 | |
| BPS | 0.0187 ∗ | −0.0136 | 0.0629∗∗∗ | 0.1026∗∗∗ | 0.0024 | 1 |
Note. ∗∗∗, ∗∗, and ∗ are significant at the 1%, 5%, and 10% levels, respectively.
