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Table 5 Correlation analysis

From: Corruption and its diverse effect on credit risk: global evidence

 

Capitalization

Credit Disclosure Index

Corruption

GDP Growth

Inflation

Public Debt

Remittance

Trade Openness

Credit Risk

Unemployment

Capitalization

1.00

         

Credit Disclosure Index

0.38

1.00

        

Corruption

− 0.11

− 0.22

1.00

       

GDP Growth

− 0.05

− 0.07

0.09

1.00

      

Inflation

− 0.05

− 0.05

0.12

− 0.04

1.00

     

Public Debt

0.00

− 0.02

− 0.20

− 0.06

− 0.03

1.00

    

Remittance

0.19

0.18

− 0.28

0.00

− 0.04

0.08

1.00

   

Trade Openness

0.07

0.04

− 0.30

0.06

− 0.04

0.09

− 0.04

1.00

  

Credit Risk

0.53

0.23

− 0.04

− 0.10

− 0.03

0.00

0.11

0.05

1.00

 

Unemployment

0.01

− 0.02

0.04

− 0.07

0.02

− 0.04

0.04

− 0.04

0.08

1.00