Variable

later_loss

ln_auditfee

dcscost

size

lev

cfratio

growth

later_loss

1.000

ln_auditfee

−0.016**

1

dcscost

0.052***

−0.025***

1

size

−0.063***

0.754***

−0.059***

1

lev

0.055***

0.303***

−0.003

0.446***

1

cfratio

−0.029***

−0.026***

−0.006

−0.002

0.255***

1

growth

−0.130***

0.017***

−0.006

0.057***

−0.093***

0.022***

1

loss

0.148***

−0.020***

0.027***

−0.088***

0.126***

−0.031***

−0.480***

ownership

−0.086***

0.131***

−0.026***

0.211***

0.049***

−0.002

0.044***

stock_e

−0.046***

−0.166***

−0.045***

−0.257***

−0.295***

0.035***

0.033***

same

−0.00700

−0.091***

−0.00700

−0.171***

−0.162***

0.031***

0.011*

EID

−0.00001

0.059***

0.018***

0.025***

−0.018***

0.029***

−0.021***

big4

−0.027***

0.453***

−0.004

0.350***

0.099***

−0.062***

0.011*

audittype

0.158***

−0.018***

0.070***

−0.104***

0.129***

−0.050***

−0.126***

Variable

loss

ownership

stock_e

same

EID

big4

audittype

loss

1

ownership

−0.090***

1

stock_e

−0.063***

−0.024***

1

same

−0.013**

−0.045***

0.482***

1

EID

0.018***

0.039***

0.095***

0.105***

1

big4

−0.031***

0.139***

−0.089***

−0.070***

0.033***

1

audittype

0.238***

−0.096***

−0.055***

−0.005

0.002

−0.030***

1