TABLE 3.
Pearson correlation analysis.
| FB | PAT | ROA | LEV | SIZE | SOE | FAGE | INSHOLD | SALEGRO | Tobin’s Q | IDRATIO | BSIZE | |
| FB | 1 | |||||||||||
| PAT | −0.040*** | 1 | ||||||||||
| (0.000) | ||||||||||||
| ROA | −0.035*** | 0.127*** | 1 | |||||||||
| (0.000) | (0.000) | |||||||||||
| LEV | 0.003 | −0.004 | −0.345*** | 1 | ||||||||
| (0.717) | (0.669) | (0.000) | ||||||||||
| SIZE | 0.007 | 0.039*** | −0.013 | 0.529*** | 1 | |||||||
| (0.459) | (0.000) | (0.162) | (0.000) | |||||||||
| SOE | −0.022** | −0.060*** | −0.071*** | 0.272*** | 0.404*** | 1 | ||||||
| (0.014) | (0.000) | (0.000) | (0.000) | (0.000) | ||||||||
| FAGE | 0.026*** | −0.092*** | −0.078*** | 0.160*** | 0.196*** | 0.247*** | 1 | |||||
| (0.004) | (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | |||||||
| INSHOLD | −0.003 | −0.033*** | 0.090*** | 0.175*** | 0.437*** | 0.413*** | 0.079*** | 1 | ||||
| (0.752) | (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | ||||||
| SALEGRO | −0.001 | 0.021** | 0.280*** | 0.024*** | 0.033*** | −0.056*** | −0.092*** | 0.022** | 1 | |||
| (0.906) | (0.022) | (0.000) | (0.007) | (0.000) | (0.000) | (0.000) | (0.015) | |||||
| Tobin’s Q | 0.024*** | 0.009 | 0.176*** | −0.264*** | −0.299*** | −0.133*** | −0.039*** | −0.010 | 0.083*** | 1 | ||
| (0.007) | (0.319) | (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.255) | (0.000) | ||||
| IDRATIO | 0.015 (0.100) |
0.003 (0.740) |
−0.018* (0.052) |
0.000 (0.984) |
−0.022** (0.017) |
−0.063*** (0.000) |
−0.021** (0.021) |
−0.077*** (0.000) |
−0.011 (0.223) |
0.043*** (0.000) |
1 | |
| BSIZE | −0.001 | 0.014 | 0.002 | 0.144*** | 0.299*** | 0.288*** | 0.118*** | 0.240*** | −0.009 | −0.102*** | −0.548*** | 1 |
| (0.910) | (0.119) | (0.823) | (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.327) | (0.000) | (0.000) |
p-values in parentheses; *p < 0.10, **p < 0.05, and ***p < 0.01.