Table 4.

Correlation analysis between the main variables.

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1)Innov	1.000
(2) Dige	0.163	1.000
(3) SA	0.193	−0.044	1.000
(4) Size	−0.15	0.066	−0.34	1.000
(5) Lev	−0.08	0.016	0.023	0.415	1.000
(6) Roa	0.178	−0.001	0.262	−0.03	−0.12	1.000
(7) Share	−0.16	−0.002	−0.30	0.308	0.073	−0.035	1.000
(8) Tat	0.152	0.012	0.133	0.072	0.194	0.286	0.039	1.000
(9) Ppe	−0.17	−0.153	−0.02	0.160	0.125	−0.113	0.092	−0.042	1.000
(10) Mfee	0.258	−0.037	0.105	−0.19	−0.30	−0.101	−0.13	−0.409	−0.07	1.000