| Variables | Audit Opinion | News | Risk Rating | Lev | Log Assets | Growth | Cost | Big4 | |DA| | ROA | Change | Social | Cash Flow |
| Audit Opinion | 1.000 |
|
|
|
|
|
|
|
|
|
|
|
|
| News | −0.014 | 1.000 |
|
|
|
|
|
|
|
|
|
|
|
| Risk Rating | 0.053 *** | 0.208 *** | 1.000 |
|
|
|
|
|
|
|
|
|
|
| Lev | 0.176 *** | 0.048 ** | 0.050 * | 1.000 |
|
|
|
|
|
|
|
|
|
| Log Assets | −0.194 *** | 0.254 *** | 0.151 *** | 0.366 *** | 1.000 |
|
|
|
|
|
|
|
|
| Growth | −0.012 | −0.023 | −0.005 | 0.004 | −0.040** | 1.000 |
|
|
|
|
|
|
|
| Cost | −0.114 *** | 0.289 *** | 0.159 *** | 0.275 *** | 0.816 *** | −0.044 ** | 1.000 |
|
|
|
|
|
|
| Big4 | −0.087 *** | 0.195 *** | 0.088 *** | 0.085 *** | 0.479 *** | −0.043 ** | 0.607 *** | 1.000 |
|
|
|
|
|
| |DA| | 0.131 *** | −0.025 | −0.024 | 0.041 ** | −0.139*** | 0.431 *** | −0.120*** | −0.112*** | 1.000 |
|
|
|
|
| ROA | −0.164 *** | 0.018 | −0.044** | −0.159*** | 0.116 *** | 0.103 *** | 0.084 *** | 0.009 *** | −0.015 | 1.000 |
|
|
|
| Change | 0.037 ** | −0.070*** | −0.006 | −0.006 | −0.015 | 0.021 | −0.039** | −0.013 | 0.017 | 0.018 | 1.000 |
|
|
| Social | −0.138 *** | 0.079 *** | 0.083 *** | 0.116 *** | 0.545 *** | −0.081 *** | 0.461 *** | 0.331 *** | −0.121*** | 0.080*** | −0.011 | 1.000 |
|
| CashFlow | −0.127 *** | 0.045 ** | 0.051 *** | −0.214*** | 0.129 *** | −0.039 ** | 0.086 *** | 0.111 *** | −0.129*** | 0.272*** | −0.003 | 0.070** | 1.000 |