Variables

PB

AR

UR

ROE

Level

Size

Share

IDP

State

PB

1.000

AR

−0.315***

1.000

UR

0.054**

0.032

1.000

ROE

−0.119***

0.198***

0.013

1.000

Level

−0.266***

0.122***

−0.047**

0.133***

1.000

Size

−0.097***

−0.041*

0.003

0.203***

0.512***

1.000

Share

0.024

0.063***

0.041*

0.184***

0.074***

0.249***

1.000

IndDirPct

0.018

−0.002

0.051**

0.046**

−0.038*

−0.053**

0.111***

1.000

State

−0.157***

−0.032

−0.096***

−0.013

0.203***

0.349***

0.087***

−0.083***

1.000