Table 2.

Table of correlation test results.

	all_CC	all_WC	all_SZ	all_ROA	all_DR	all_BD	all_CC
all_DPA	1	0.36***	0.309**	0.338**	0.214	0.204	0.171
all_WC	0.36***	1	0.601***	0.614***	0.488***	0.449**	0.254*
all_SZ	0.309**	0.601***	1	0.634**	0.892***	0.145	0.173
all_ROA	0.338**	0.614***	0.634**	1	0.482*	0.409*	0.688***
all_DR	0.214	0.488***	0.892***	0.482*	1	0.085	0.245
all_BD	0.204	0.449**	0.141	0.409*	0.085	1	0.147
all_DPA	0.171	0.254*	0.173	0.688***	0.245	0.147	1

To distinguish with later, the prefix “all_” indicates a full sample of variables. In addition, CCNet, denotes coopetition network; WCNet, weighted competition network; SZ, digital finance; ROA, revenue capacity; DR, deposit dependence; BD, business diversification; DPA, debt service capacity; “***” indicates a significance level of 1%, “**” indicates a significance level of 5%, and “*” indicates significance levels of 10%.