R & D

Fin

Size

Lev

Roa

Share

Cflow

Age

R & D

1.000

Fin

−0.111***

1.000

Size

−0.251***

0.180***

1.000

Lev

−0.222***

0.153***

0.555***

1.000

Roa

0.235***

−0.077***

−0.152***

−0.416***

1.000

Share

−0.014*

−0.038***

0.030***

−0.110***

0.239***

1.000

Cflow

0.100***

0.008

0.031***

−0.140***

0.409***

0.113***

1.000

Age

−0.115***

0.029***

0.224***

0.203***

−0.150***

−0.229***

0.013

1.000