Variablesa,b

CGES

DME

SIZE

DE

ROA

DP

BHold

MHold

PDM

AGE

Foreign

Public

CGES

1.000

DME

0.334*

1.000

SIZE

0.340*

0.411*

1.000

DE

−0.021

−0.030

0.353*

1.000

ROA

0.238*

0.352*

0.204*

−0.129*

1.000

DP

−0.036

−0.031

−0.004

−0.038

−0.015

1.000

BHold

0.035

−0.081*

−0.126*

−0.048

0.025

−0.026

1.000

MHold

−0.018

0.037

−0.139*

−0.018

0.044

−0.009

0.024

1.000

PDM

−0.070*

0.060*

0.003

0.024

0.049

0.016

−0.123*

0.187*

1.000

AGE

−0.060

−0.081*

0.300*

0.126*

−0.054

0.027

−0.092*

−0.171*

−0.033

1.000

Foreign

0.306*

0.407*

0.445*

0.017

0.274*

−0.018

−0.059

−0.048

0.035

−0.047

1.000

Public

0.159*

0.099*

0.220*

0.052

0.042

−0.008

0.112*

−0.053

−0.102*

0.041

0.090*

1.000