Variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Firm Age | 1 |
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Ownership | 0.245** | 1 |
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Industry | −0.010 | 0.328** | 1 |
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Audit firm | 0.215** | 0.033 | 0.333** | 1 |
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CSRI | 0.066 | 0.124** | −0.121** | 0.382** | 1 |
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Board_Indep | −0.079 | 0.178** | −0.115 | 0.246** | 0.340** | 1 |
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Board_Dty | 0.295** | 0.086 | 0.019 | 0.064 | 0.254** | 0.281** | 1 |
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ROA | −0.152* | −0.103 | 0.121** | −0.179** | −0.177** | −0.141* | −0.065 | 1 |
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ROE | −0.170** | 0.154* | 0.171** | 0.229** | 0.200** | 0.302** | 0.299** | −0.019 | 1 |
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GPM | 0.087 | 0.154* | 0.111 | 0.252** | 0.330** | 0.178** | 0.228** | −0.130* | 0.150* | 1 |