Variable

1

2

3

4

5

6

1

|Deviation|

1

2

Readability

0.012*

1

3

Media_Att

0.072***

0.012*

1

4

High_Tech

−0.028***

0.159***

−0.084***

1

5

ROA

−0.378***

0.022***

0.079***

0.023***

1

6

SOE

0.024***

−0.115***

0.084***

−0.193***

−0.039***

1

7

Dual

−0.00200

0.089***

−0.037***

0.121***

0.00900

−0.298***

8

Ln_Size

0.067***

0.033***

0.412***

−0.233***

0.056***

0.330***

9

List_Age

0.071***

−0.048***

0.067***

−0.233***

−0.104***

0.456***

10

Top1

−0.043***

−0.051***

0.089***

−0.153***

0.122***

0.234***

11

TobinQ

0.072***

0.062***

0.092***

0.174***

0.115***

−0.168***

12

All_Readability

0.0110

−0.198***

−0.019***

−0.123***

−0.024***

0.110***

13

All_Tone

−0.080***

0.089***

0.048***

0.198***

0.179***

−0.221***

7

8

9

10

11

12

13

7

Dual

1

8

Ln_Size

−0.157***

1

9

List_Age

−0.235***

0.352***

1

10

Top1

−0.064***

0.227***

−0.033***

1

11

TobinQ

0.085***

−0.405***

−0.087***

−0.104***

1

12

All_Readability

−0.063***

−0.039***

0.088***

0.041***

0.00800

1

13

All_Tone

0.104***

−0.149***

−0.344***

−0.050***

0.082***

−0.303***

1