VARIABLES

NCSKEW

Crash

R&D

RturnSd

RetFirmAvg

Sigma

NCSKEW

1

Crash

0.431***

1

R&D

−0.037***

−0.036***

1

RturnSd

−0.098***

−0.035***

0.085***

1

RetFirmAvg

−0.116***

−0.110***

0.109***

0.304***

1

Sigma

−0.074***

−0.005

0.087***

0.361***

0.380***

1