A Systems View Across Time and Space
Table 2 Pearson correlation coefficients
From: Determinants of financial distress: evidence from insurance companies in Ethiopia
Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
(1) Z-score | 1.000 | |||||||||||
(2) ROA | 0.200 | 1.000 | ||||||||||
(3) Size | 0.123 | 0.123 | 1.000 | |||||||||
(4) LEV | − 0.234 | 0.124 | − 0.044 | 1.000 | ||||||||
(5) Firm age | 0.066 | 0.385 | 0.431 | 0.054 | 1.000 | |||||||
(6) EG | 0.096 | 0.075 | 0.006 | 0.017 | − 0.002 | 1.000 | ||||||
(7) LiQ | 0.883 | 0.059 | 0.320 | − 0.218 | − 0.065 | 0.032 | 1.000 | |||||
(8) INFR | − 0.102 | − 0.009 | 0.005 | − 0.040 | 0.014 | 0.081 | − 0.035 | 1.000 | ||||
(9) CR | − 0.249 | 0.022 | 0.032 | − 0.004 | 0.027 | 0.045 | − 0.151 | − 0.016 | 1.000 | |||
(10) EXR | − 0.090 | 0.094 | 0.115 | − 0.174 | 0.280 | − 0.086 | − 0.069 | 0.267 | 0.034 | 1.000 | ||
(11) DIV | 0.207 | 0.266 | 0.480 | − 0.010 | 0.482 | 0.066 | − 0.005 | 0.020 | − 0.081 | 0.032 | 1.000 | |
(12) AST | − 0.020 | − 0.092 | − 0.111 | − 0.071 | 0.018 | 0.191 | 0.014 | 0.076 | 0.003 | 0.179 | 0.161 | 1.000 |