Variables

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(1) resilience

1.000

(2) LnDigital

0.061*

1.000

(3) Lev

0.064*

0.034*

1.000

(4) Holdingrate

0.076*

0.026*

−0.206*

1.000

(5) Lnage

−0.084*

0.003

0.103*

−0.160*

1.000

(6) Dual

0.035*

0.070*

−0.100*

0.155*

−0.096*

1.000

(7) SOE

−0.077*

−0.084*

0.240*

−0.348*

0.194*

−0.260*

1.000

(8) EBD

0.021*

−0.043*

0.003

−0.027*

−0.047*

0.004

0.132*

1.000

(9) Holdingfee

−0.176*

−0.011

−0.019*

0.002

−0.013

0.013

−0.005

−0.007

1.000