Var

DAR

ETR

NDTS

SIZE

AS

ROA

GROW

CASH

CA

Z

DAR

1.000

ETR

0.196***

1.000

NDTS

−0.197***

−0.058***

1.000

SIZE

0.392***

−0.014

−0.085***

1.000

AS

0.029*

−0.015

−0.166***

−0.031*

1.000

ROA

−0.424***

−0.271***

0.058***

−0.002

0.012

1.000

GROW

0.174***

−0.053***

−0.169***

0.113***

−0.001

0.079***

1.000

CASH

−0.221***

−0.069***

0.404***

−0.071***

−0.123***

0.386***

0.386***

1.000

CA

−0.419***

−0.050***

−0.118***

−0.149***

0.068***

0.142***

−0.045***

−0.056***

1.000

Z

0.022

−0.002

0.009

0.009

0.016

−0.018

0.011

−0.007

−0.009

1.000