Variable

LnPay

Short

CROA

Lev

Growth

Size

Soe

Ratio

MSHD

Fsthd

LnPay

1.000

Short

0.303***

1.000

CROA

0.199***

0.008

1.000

Lev

−0.056***

−0.01

−0.243***

1.000

Growth

−0.021**

−0.017*

0.041***

−0.001

1.000

Size

0.433***

0.374***

0.001

−0.063***

−0.025***

1.000

Soe

−0.023**

0.040***

−0.114***

0.010

−0.032***

0.308***

1.000

Ratio

0.036***

0.081***

−0.033***

0.017*

0.016*

0.081***

−0.044***

1.000

MSHD

0.107***

0.050***

0.044***

−0.003

0.001

−0.011

−0.204***

0.004

1.000

Fsthd

0.004

−0.009

0.100***

0.006

−0.012

0.265***

0.231***

0.040***

−0.235***

1.000