*. Correlation is significant at the 0.05 level (2-tailed). **. Correlation is significant at the 0.01 level (2-tailed). Table 6.5. Pearson Correlation Matrix of U.S. Correlation ROEi,t Leveragei,t DAi,t EDSi,t CEO-dummyi,t NEDSi,t Insideri,t FSi,t (log) BIi,t (log) (log) 1 DAi,t -.013 1 EDSi,t -.030 -.501** 1 BIi,t -.067** -.012 .019 1 CEO-dummyi,t -.130** -.138** .242** .014 1 NEDSi,t .049** .347** -.443** .034* -.246** 1 Insideri,t .038* -.132** .071** -.121** -.089** -.288** 1 Block-holderi,t -.178** .010 .144** .142** .525** -.237** -.265** 1 FSi,t (log) .089** -.027 .063** .027 .109** -.036* -.087** .070** 1 ROEi,t (log)
*. Correlation is significant at the 0.05 level (2-tailed). **. Correlation is significant at the 0.01 level (2-tailed). Table 6.5. Pearson Correlation Matrix of U.S. Correlation DAi,t EDSi,t BIi,t CEO-dummyi,t NEDSi,t Insideri,t FSi,t (log) ROEi,t (log) Leveragei,t (log) DAi,t 1 EDSi,t -.013 1 BIi,t -.030 -.501** 1 CEO-dummyi,t -.067** -.012 .019 1 NEDSi,t -.130** -.138** .242** .014 1 Insideri,t .049** .347** -.443** .034* -.246** 1 Block-holderi,t .038* -.132** .071** -.121** -.089** -.288** 1 FSi,t (log) -.178** .010 .144** .142** .525** -.237** -.265** 1 ROEi,t (log) .089** -.027 .063** .027 .109** -.036* -.087** .070** 1