Leverage

Dummy small sized

Log_tam

Log_PL

Sales growth

Market to book

Change assets

Tang

Roa

Roe

Dividends

Capex

Indu

Com

Serv

Leverage

1.00

Dummy small sized

−0.23

1.00

Log_tam

0.31

−0.71

1.00

Log_pl

0.01

−0.66

0.92

1.00

Sales growth

0.03

−0.01

0.01

0.00

1.00

Market to book

0.07

−0.01

0.01

−0.01

0.00

1.00

Change assets

0.04

−0.09

0.15

0.13

0.23

0.03

1.00

Tang

0.14

−0.05

0.14

0.12

0.02

0.02

0.08

1.00

Roa

−0.01

0.00

0.01

0.01

0.00

0.00

−0.07

0.00

1.00

Roe

0.00

−0.01

0.02

0.03

0.00

0.00

−0.06

−0.01

0.84

1.00

Dividends

−0.01

0.00

−0.01

0.00

0.00

0.00

0.02

−0.01

0.00

0.00

1.00

Capex

0.00

−0.08

0.16

0.15

0.00

0.00

0.08

0.08

0.00

−0.02

0.00

1.00

Industry

−0.09

0.11

−0.04

−0.01

0.01

0.01

0.02

0.16

0.00

0.00

0.00

0.05

1.00

Commerce

0.05

0.02

−0.04

−0.06

−0.02

0.03

0.02

−0.03

0.00

0.00

−0.01

−0.03

−0.34

1.00

Service

0.05

−0.12

0.07

0.05

0.00

−0.03

−0.03

−0.12

0.00

0.00

0.01

−0.02

−0.69

−0.44

1.00