| Variable |
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| Divv | 1.000 |
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| Female_rate | −0.016 | 1.000 |
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| Female | −0.003 | 0.109* | 1.000 |
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| Cash_Ratio | −0.015 | −0.030* | −0.003 | 1.000 |
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| Tagr | 0.000 | 0.010 | −0.000 | −0.018 | 1.000 |
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| Lev | 0.012 | −0.009 | 0.002 | 0.001 | 0.016 | 1.000 |
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| Size | 0.061* | −0.167* | −0.012 | 0.031* | −0.123* | −0.144* | 1.000 |
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| ROA | 0.016 | −0.013 | 0.001 | −0.000 | −0.000 | 0.679* | −0.098* | 1.000 |
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| Indp | −0.001 | −0.029* | −0.012 | 0.001 | −0.005 | −0.014 | 0.038* | −0.008 | 1.000 |
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| ROE | −0.014 | 0.019 | 0.000 | 0.001 | −0.002 | −0.554* | 0.074* | −0.816* | 0.021 | 1.000 |
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| Tatr | −0.002 | −0.002 | 0.001 | −0.000 | −0.001 | −0.000 | −0.002 | −0.000 | −0.008 | −0.000 | 1.000 |