| variable | Explore | Exploit | Fem | Roe | Board | Age | CSTR |
| Explore | 1 |
|
|
|
|
|
|
| Exploit | −0.515*** | 1 |
|
|
|
|
|
| Fem | −0.094*** | −0.033* | 1 |
|
|
|
|
| Roe | 0.032* | −0.00400 | 0.0230 | 1 |
|
|
|
| Board | 0.095*** | −0.0200 | −0.109*** | 0.043** | 1 |
|
|
| Age | 0.053*** | −0.0210 | −0.0110 | −0.00900 | 0.082*** | 1 |
|
| CSTR | −0.068*** | 0.068*** | 0.061*** | 0.097*** | −0.089*** | 0.008 | 1 |
| Size | 0.109*** | 0.052*** | −0.124*** | −0.0280 | 0.153*** | 0.066*** | −0.150*** |