Future Business Journal

Table 3 Correlation matrix results

From: The impact of board gender diversity on the accrual/real earnings management practice: evidence from an emerging market

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) BRDDIV	1
(2) ROA	0.065	1
(3) ROE	0.04	0.864**	1
(4) LIQ	0.007	0.228**	0.046	1
(5) LEV	0.024	− 0.142**	− 0.062	− 0.371**	1
(6) GEAR	− 0.063	− 0.166**	− 0.042	− 0.364**	0.800**	1
(7) ASSTTANG	0.038	− 0.109**	− 0.178**	− 0.338**	0.115**	0.095**	1
(8) OC	− 0.073*	.081*	0.255**	− 0.288**	0.185**	0.336**	0.01	1
(9) EMFLEX	− 0.074*	− 0.049	0.111**	− 0.041	0.049	0.091*	− 0.452**	0.254**	1
(10) FIRM Size	0.017	0.001	0.031	0.032	− 0.046	− 0.041	− 0.028	− 0.044	0.061	1

This table shows the correlation coefficients between independent variables over the period 2009–2021. *, ** denote the significant at 5 and 10% level, respectively

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