Skip to main content

Table 7 Correlation matrix (long-term leverage)

From: Dynamics of financial leverage across firm life cycle in Chinese firms: an empirical investigation using dynamic panel data model

 

LL

LL(L1)

TS

BR

NDTS

AgC

GROW

CP

PP

LIQ

TANG

CV

SIZE

INDLL

INMP

INF

ER

EG

CF

VIF

LL

1

                  

1.64

LL(L1)

0.84

1

                 

1.24

TS

−0.01

−0.01

1

                

1

BR

0.00

0.01

0.00

1

               

1.01

NDTS

0.04

0.08

0.02

0.02

1

              

1.76

AgC

−0.25

−0.24

0.04

−0.01

−0.08

1

             

1.12

GROW

0.08

0.00

0.00

0.01

−0.07

−0.03

1

            

1.04

CP

−0.12

−0.09

−0.01

0.03

0.06

0.06

0.13

1

           

1.2

PP

−0.01

−0.01

0.00

0.00

−0.01

0.01

0.00

0.03

1

          

1

LIQ

−0.13

−0.17

−0.01

−0.02

−0.26

0.13

−0.02

0.13

0.01

1

         

1.26

TANG

0.19

0.21

0.00

0.04

0.59

−0.14

−0.04

−0.17

0.00

−0.29

1

        

1.93

CV

0.31

0.30

0.01

0.02

0.46

−0.14

−0.02

0.10

−0.01

−0.35

0.46

1

       

1.62

SIZE

0.20

0.21

−0.01

−0.01

0.04

−0.19

0.07

0.07

−0.01

−0.15

−0.06

0.04

1

      

1.32

INDLL

−0.07

−0.06

0.00

0.01

0.05

−0.01

0.02

−0.05

0.00

−0.07

0.10

−0.02

−0.24

1

     

1.24

INMP

−0.02

−0.01

0.00

0.00

−0.02

−0.01

0.00

0.01

0.00

0.01

−0.01

−0.02

0.00

−0.06

1

    

1

INF

−0.03

0.01

−0.02

0.00

−0.01

0.00

0.04

0.06

0.00

−0.01

−0.03

−0.01

0.01

0.04

0.00

1

   

1.43

ER

−0.01

−0.04

0.03

0.01

0.17

−0.05

0.02

0.02

0.01

−0.04

0.23

0.07

−0.35

0.40

−0.03

−0.08

1

  

7.5

EG

0.00

0.00

0.03

0.03

0.12

−0.05

0.06

0.08

0.02

−0.06

0.18

0.04

−0.23

0.33

−0.02

0.18

0.70

1

 

2.39

CF

0.03

0.04

−0.02

0.00

−0.15

0.05

−0.03

−0.03

0.00

0.05

−0.21

−0.07

0.32

−0.40

0.03

−0.16

−0.90

−0.74

1

7.55