Table 2 Correlation test

ROA

1.0000

–

ROE

0.5647

1.0000

9.6285

− 53

TDTA

− 0.1693

− 0.1895

1.0000

− 2.4172

− 2.7152

–

STDTA

− 0.1847

− 0.2058

0.9685

1.0000

− 2.6441

− 2.9594

54.7406

–

LTDTA

0.0341

0.0349

0.2712

0.0230

1.0000

0.4806

0.4913

3.9648

0.3243

–

FSIZE

0.2447

0.1927

0.0948

0.0673

0.1202

1.0000

3.5506

2.7635

1.3396

0.9496

1.7043

–

FAGE

0.0438

− 0.0208

− 0.0291

− 0.0592

0.1122

0.2726

1.0000

0.6174

− 0.2921

− 0.4091

− 0.8347

1.5892

3.9864

–

Leverage

− 0.2259

− 0.6183

0.3315

0.2381

0.4106

− 0.0923

− 0.0214

1.0000

− 3.2623

− 11.071

4.9435

3.4490

6.3373

− 1.3038

− 0.3018

–