Variables | ROA | EID_W | EID_Q | Growth | Lev | List | Cashflow | Dual | Indep | Top1 | SOE |
ROA | 1 |
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EID_ Whether | 0.006*** | 1 |
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EID_Quality | 0.008*** | 0.35*** | 1 |
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Growth | 0.22*** | −0.04** | −0.03** | 1 |
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Lev | −0.44*** | 0.16*** | 0.27*** | −0.02 | 1 |
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Cashflow | 0.40*** | 0.13*** | 0.06*** | 0.03* | −0.09*** | 1 |
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Dual | 0.04*** | −0.12*** | −0.11*** | 0.01 | −0.13*** | −0.03** | 1 |
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Indep | −0.03* | 0.01 | −0.03* | −0.02 | −0.01 | −0.02 | 0.10*** | 1 |
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Top1 | 0.03** | 0.13*** | 0.16*** | 0.03** | 0.13*** | 0.10*** | −0.09*** | 0.05*** | 1 |
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ListAge | −0.16*** | 0.26*** | 0.23*** | −0.04** | 0.38*** | 0.11*** | −0.16*** | 0.01 | −0.02 | 1 |
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SOE | −0.18*** | 0.26*** | 0.25*** | −0.07*** | 0.37*** | 0.05*** | −0.23*** | −0.03* | 0.27*** | 0.42*** | 1 |