Correlation/Year | (−3, 0) | (−2, 0) | (−1, 0) | (0, 1) | (0, 2) | (0, 3) |
ROA | 0.0433 (0.1322) | 0.0692 (0.1529) | 0.0696 (0.1471) | 0.8259 (<0.0001)*** | 0.9844 (<0.0001)*** | 0.2976 (0.0006)*** |
LEV | 0.0446 (0.3621) | 0.0708 (0.1406) | −0.0611 (0.1997) | 0.80402 (<0.0001)*** | 0.9690 (<0.0001)*** | 0.7186 (<0.0001)*** |
AT | 0.0314 (0.5215) | 0.0299 (0.5341) | 0.0130 (0.7858) | 0.1345 (0.0133)*** | 0.1237 (0.0709)* | 0.2661 (0.0018)*** |