Variables

∆Cash

CF

Size

Q

SDebt

Nwc

Exp

∆Cash

1

CF

0.2104***

1

(0.0000)

Size

0.0901***

0.0591***

1

(0.0000)

(0.0000)

Q

0.1559***

0.0239***

0.0374***

1

(0.0000)

(0.0074)

(0.0000)

SDebt

0.2005***

−0.0711***

0.1007***

0.2630***

1

(0.0000)

(0.0000)

(0.0000)

(0.0000)

Nwc

0.6047***

−0.0054

0.0262***

0.1727***

−0.1624***

1

(0.0000)

(0.5442)

(0.0033)

(0.0000)

(0.0000)

Exp

0.003***

0.1841***

0.0039

0.0862***

0.2087***

−0.0914***

1

(0.0000)

(0.0000)

(0.6643)

(0.0000)

(0.0000)

(0.0000)