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)***