|REM|

Group_N

PSBR

Size

Lev

Roa

Ownership

Opinion

Market

|REM|

1

Group_N

−0.042^***

1

PSBR

−0.068^***

0.132^***

1

Size

−0.082^***

−0.041^***

0.129^***

1

Lev

−0.004

−0.016

−0.006

0.065^***

1

Roa

0.050^***

0.010

0.007

0.040^***

−0.858^***

1

Ownership

0.022

0.016

0.206^***

0.270^***

−0.025

0.043^***

1

Opinion

−0.020

0.003

0.062^***

0.146^***

−0.138^***

0.128^***

0.101^***

1

Market

0.016

−0.064^***

−0.035^**

0.152^***

−0.056^***

0.067^***

0.068^***

0.087^***

1