ROE

BIP

D−LS

SIZE

BS

D−A

ROE

1

−0.010

(0.073)

0.086

(−0.015)

0.122

(−0.040)

0.294^***

(−0.104)

0.055

(−0.088)

BIP

−0.010

(0.073)

1

−0.142

(−0.034)

0.669^***

(0.333^***)

0.287^***

(0.184^***)

0.346^***

(0.257^***)

D−LS

0.086

(−0.015)

−0.142

(−0.034)

1

−0.119

(0.069)

0.003

(−0.082)

−0.303^***

(−0.195^***)

SIZE

0.122

(−0.040)

0.669^***

(0.333^***)

−0.119

(0.069)

1

0.447^***

(0.506^***)

0.661^***

(0.437^***)

BS

0.294^***

(−0.104)

0.287^***

(0.184^***)

0.003

(−0.082)

0.447^***

(0.506^***)

1

0.320^***

(0.028)

D−A

0.055

(−0.088)

0.346^***

(0.257^***)

−0.303^***

(−0.195^***)

0.661^***

(0.437^***)

0.320^***

(0.028)

1