Correlation/Year

(−3, 0)

(−2, 0)

(−1, 0)

(0, 1)

(0, 2)

(0, 3)

IndROA

0.0303

(0.5277)

0.0581

(0.2306)

0.0669

(0.1635)

0.8176

(<0.0001)***

0.9640

(<0.0001)***

0.1909

(0.0296)**

IndLEV

0.0427

(0.3832)

0.0628

(0.1911)

−0.0570

(0.2319)

0.8096

(<0.0001)***

0.96382

(<0.0001)***

0.7090

(<0.0001)***

IndAT

0.0658

(0.1785)

0.0381

(0.4273)

0.0393

(0.4095)

0.2107

(<0.0001)***

0.2165

(0.0014)***

0.3365

(<0.0001)***