变量

ROA

Pay

St

GI

Size

Lev

Growth

Top1

ROA

1

Pay

0.193^***

1

Sto

0.178^***

−0.137^***

1

GI

0.004^**

0.167^***

0.143^***

1

Size

0.004

0.469^***

−0.362^***

0.319^***

1

Lev

−0.384^***

0.097^***

−0.253^***

0.201^***

0.475^***

1

Growth

0.311^***

0.082^***

0.048^***

0.029^***

0.083^***

0.061^***

1

Top1

0.177^***

−0.002

0.015^*

−0.010

0.053^***

−0.059^***

−0.003

1