Table 2.
Pearson correlation analysis.
| Coefficient | BE | SA | FIN | LEV | CI | ROA | Growth | SC | SOE |
|---|---|---|---|---|---|---|---|---|---|
| BE | 1.00 | ||||||||
| SA | −0.11 | 1.00 | |||||||
| FIN | 0.08 | 0.11 | 1.00 | ||||||
| LEV | −0.06 | 0.33 | −0.02 | 1.00 | |||||
| CI | 0.07 | 0.02 | 0.01 | 0.01 | 1.00 | ||||
| ROA | −0.05 | −0.01 | −0.04 | −0.44 | −0.01 | 1.00 | |||
| Growth | −0.05 | 0.07 | −0.06 | −0.08 | 0.01 | 0.27 | 1.00 | ||
| SC | −0.04 | 0.18 | 0.02 | −0.09 | 0.01 | 0.17 | 0.16 | 1.00 | |
| SOE | −0.04 | 0.34 | −0.09 | 0.22 | 0.00 | −0.05 | −0.08 | −0.04 | 1.00 |
BE, Employee brand equity; FIN, FinTech; SA, Financing constraints; LEV, Asset-liability ratio; CI, Capital intensity, ROA, return on total assets; Growth, enterprise growth; SC, equity concentration; and SOE, equity nature.