Incent

1

DA

−0.0059

1

Chairman

0.0867^***

0.0346^**

1

Indep_Director

0.0113

−0.0008

0.0741^***

1

Size

0.0697^***

−0.1105^***

−0.1136^***

0.0282^*

1

Accfirm

−0.0216

−0.0333^**

−0.0523^***

0.0361^**

0.3292^***

1

Audit

0.0673^***

−0.0346^**

0.0114

−0.0264*

0.1074^***

0.0296^**

1

Leverage

−0.0503^***

0.1026^***

−0.0413^***

0.0144

0.2995^***

0.0218

−0.2033^***

1

BtoM

−0.0282^*

0.0153

−0.0871^***

0.0248^*

0.6111^***

0.1232^***

0.034^**

0.4658^***

1

Var-Indyld

−0.0010

0.0577^***

−0.0278*

0.0138

−0.0471^***

0.0249^*

0.0016

0.0336^**

−0.0344^**

1