Financial Innovation

Table 16 Correlation coefficient between variables

From: The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets

	PG	DT	FD_b	FD_c	CS	PC	EB	CF	Big4
PG	1.000
DT	0.800***	1.000
FD_b	0.370***	0.491***	1.000
FD_c	0.493***	0.422***	0.372***	1.000
CS	− 0.504***	− 0.562***	− 0.504***	− 0.460***	1.000
PC	− 0.240***	− 0.097	0.440***	0.104	− 0.320***	1.000
EB	0.862***	0.716***	0.464***	0.454***	− 0.519***	− 0.076	1.000
CF	− 0.266***	− 0.117*	− 0.267***	− 0.134*	0.230***	0.118*	− 0.380***	1.000
Big4	0.385***	0.277***	− 0.127*	0.114*	0.056	− 0.635***	0.222***	− 0.067	1.000

Note: ***p < 0.01, **p < 0.05, *p < 0.1

Back to article page