| ROE | MO | TYPE | DTL | GROWTH | LEV | SIZE | TAT | TPE | OC | |
| ROE | 1 | |||||||||
| MO | −0.129*** | 1 | ||||||||
| TYPE | 0.096*** | −0.048** | 1 | |||||||
| DTL | −0.494*** | 0.056** | −0.0340 | 1 | ||||||
| GROWTH | 0.279*** | 0.0320 | 0.042* | −0.156*** | 1 | |||||
| LEV | −0.063*** | 0.060*** | −0.055** | 0.095*** | 0.084*** | 1 | ||||
| SIZE | 0.153*** | −0.040* | −0.0260 | −0.0150 | 0.052*** | 0.505*** | 1 | |||
| TAT | 0.322*** | 0.0200 | −0.0150 | −0.111*** | 0.133*** | 0.253*** | 0.186*** | 1 | ||
| TPE | 0.318*** | −0.0360 | 0.065*** | −0.098*** | 0.052*** | 0.107*** | 0.457*** | 0.161*** | 1 | |
| OC | 0.137*** | −0.055** | 0.0100 | −0.076*** | 0.040*** | −0.118*** | −0.060*** | 0.070*** | −0.00300 | 1 |