Variables

IC

Tie

Plural

Degree

Size

Lev

Cash

Big4

Growth

ROA

SOE

TobinQ

Age

IC

1.000

Tie

0.032^***

1.000

Plural

0.049^***

0.052^***

1.000

Degree

−0.004

0.008

0.017

1.000

Size

0.122^***

−0.018

0.338^***

0.013

1.000

Lev

0.001

0.005

0.027^*

−0.007

0.061^***

1.000

Cash

0.137^***

−0.016

0.328^***

0.042^***

0.067^***

0.013

1.000

Big4

0.061^**

−0.002

0.003

−0.014

0.088^***

0.007

0.077^***

1.000

Growth

0.008

−0.009

−0.004

−0.002

0.007

0.001

−0.003

−0.011

1.000

ROA

0.238^***

0.030^**

0.005

−0.028^*

0.038^**

−0.001

0.049^***

0.026^*

−0.030^**

1.000

SOE

0.086^***

0.002

0.027^*

−0.015

0.135^***

0.054^***

0.131^***

0.045^***

−0.015

0.060^***

1.000

TobinQ

−0.021

−0.005

−0.099^***

0.182^***

0.002

0.048^***

0.019

−0.037^**

0.001

0.059^***

−0.072^**

1.000

Age

0.003

0.013

0.165^***

−0.058^***

0.180^***

0.148^***

0.137^***

0.088^***

0.012

0.018

0.377^***

0.008

1.000