Table 3 Correlation analysis.
Variable | lnCitepatent | DT_txt | DT_num | ENT | lnage | soe | lnsize |
|---|---|---|---|---|---|---|---|
lnCitepatent | 1 | ||||||
DT_txt | 0.064*** | 1 | |||||
DT_num | 0.066*** | 0.134*** | 1 | ||||
ENT | 0.246*** | 0.058*** | 0.047*** | 1 | |||
lnage | −0.252*** | −0.022*** | −0.033*** | −0.029*** | 1 | ||
soe | −0.014** | −0.097*** | 0.007 | 0.063*** | 0.234*** | 1 | |
lnsize | −0.047*** | −0.054*** | −0.042*** | 0.114*** | 0.302*** | 0.370*** | 1 |
lnboard | 0.068*** | −0.066*** | 0.024*** | 0.060*** | 0.046*** | 0.283*** | 0.260*** |
indp | −0.036*** | 0.048*** | 0.010 | −0.014** | 0.003 | −0.085*** | −0.036*** |
top10 | 0.049*** | −0.075*** | 0.003 | −0.009 | −0.212*** | −0.073*** | 0.004 |
Lev | −0.069*** | −0.091*** | −0.037*** | −0.049*** | 0.225*** | 0.320*** | 0.530*** |
liquid | 0.077*** | 0.055*** | 0.008 | 0.046*** | −0.229*** | −0.221*** | −0.391*** |
ROA | 0.106*** | 0.010 | 0.036*** | 0.108*** | −0.114*** | −0.116*** | −0.034*** |
lnboard | indp | top10 | Lev | Liquid | ROA | ||
lnboard | 1 | ||||||
indp | −0.556*** | 1 | |||||
top10 | −0.008 | 0.035*** | 1 | ||||
Lev | 0.155*** | −0.031*** | −0.161*** | 1 | |||
liquid | −0.120*** | 0.015** | 0.182*** | −0.681*** | 1 | ||
ROA | 0.011 | −0.014** | 0.250*** | −0.386*** | 0.265*** | 1 |
