RS

MD

Law

Op

HHI

ROA

Holding

Age

Redundant

Growth

Board

Director

RS

1

MD

0.040^***

1

Law

−0.137^***

0.195^***

1

Op

−0.001

−0.014

−0.026^**

1

HHI

−0.104^***

−0.085^***

0.209^***

0.007

1

ROA

−0.061^***

0.155^***

0.010

0.105^***

−0.035^***

1

Holding

−0.038^***

−0.094^***

−0.034^***

0.031^***

0.042^***

0.114^***

1

Age

0.012

−0.008

0.001

−0.025^**

−0.029^***

−0.073^***

−0.142^***

1

Redundant

−0.018^*

0.143^***

0.041^***

0.009

−0.034^***

0.260^***

−0.045^***

−0.063^***

1

Growth

0.007

0.064^***

−0.000

−0.006

−0.053^***

−0.037^***

0.035^***

0.061^***

0.011

1

Board

−0.004

−0.107^***

−0.081^***

0.022^**

0.054^***

0.020^*

0.026^**

0.048^***

−0.117^***

−0.038^***

1

Director

0.014

0.124^***

0.016

0.000

−0.013

−0.023^**

0.018^*

−0.070^***

−0.017

0.028^***

−0.442^***

1