RD

Hedu

Habroad

Heco

LS

Lev

Size

CA

OP

SEP

Ownership

RD

1

Hedu

0.071^***

1

Habroad

0.127^***

0.112^***

1

Heco

−0.004

0.033^***

0.090^***

1

LS

0.139^***

0.049^***

0.058^***

0.044^***

1

Lev

0.295^***

0.113^***

0.029^***

−0.001

0.019^**

1

Size

0.253^***

0.115^***

0.030^***

0.006

0.099^***

0.546^***

1

CA

0.217^***

0.045^***

0.027^***

0.018^**

0.068^***

0.425^***

0.272^***

1

OP

0.026^***

0.041^***

0.022^**

0.012

0.012

0.086^***

0.024^***

0.038^***

1

SEP

0.076^***

0.031^***

0.035^***

−0.014^*

0.158^***

0.083^***

0.101^***

0.032^***

−0.003

1

Ownership

0.193^***

0.198^***

0.139^***

0.115^***

0.168^***

0.298^***

0.372^***

0.083^***

0.066^***

−0.003

1