Variables

rd

ff

lev

growth

roa

board

dir

top5

nature

rd

1.000

ff

0.037^***

1.000

lev

−0.097^***

0.829^***

1.000

growth

0.079^***

0.053^***

0.017

1.000

roa

0.045^***

−0.184^***

−0.293^***

0.002

1.000

board

−0.065^***

0.139^***

0.158^***

−0.054^***

0.039^***

1.000

dir

0.037^***

0.015

0.001

0.009

−0.022^*

−0.501^***

1.000

top5

−0.135^***

0.070^***

0.033^**

−0.022^*

0.175^***

0.033^**

0.090^***

1.000

nature

0.093^***

−0.250^***

−0.260^***

0.024^*

0.044^***

−0.252^***

−0.026^**

−0.147^***

1.000