Variable

SYD1

Recover

Size

SY size

ROE

SYD1

1

Recover

0.056**

1

Size

−0.181***

0.0270

1

SY size

0.194***

0.0230

0.418***

1

ROE

−0.120***

−0.127***

0.170***

−0.0250

1

Growth

−0.048*

0.062**

0.069***

0.059**

0.182***

OWN

−0.077***

0.048*

0.261***

−0.0310

0.133***

Lev

−0.133***

0.0360

0.584***

0.118***

−0.062**

BTM

−0.102***

0.057**

0.542***

0.243***

−0.067***

Balance

0.062**

−0.0370

−0.057**

0.150***

−0.0180

Num

−0.091***

−0.0340

0.265***

0.0270

0.096***

Variable

Growth

OWN

Lev

BTM

Balance

Growth

1

OWN

0.055**

1

Lev

0.0230

0.145***

1

BTM

−0.0160

0.164***

0.501***

1

Balance

0.089***

−0.706***

−0.102***

−0.046*

1

Num

0.0100

0.00500

0.149***

0.191***

0.052**

Variable

Num

Num

1