臺大管理論叢 NTU Management Review VOL.30 NO.2

323 NTU Management Review Vol. 30 No. 2 Aug. 2020 Table 2 Pearson Correlations (Upper Diagonal) and Spearman Correlations (Lower Diagonal) (N=340) IN IN+1 IN+2 IN+3 IP IP*D_FV SIZE MB LEV APP STATE SUM_FV IN 1 0.523** 0.440** 0.275** 0.077 0.147** -0.043 -0.150** -0.136* -0.053 0.042 0.324** IN+1 0.547** 1 0.898** 0.617** 0.121* 0.230** -0.141** -0.023 -0.013 -0.026 0.022 0.516** IN+2 0.441** 0.674** 1 0.679** 0.118* 0.213** -0.134* -0.037 -0.010 -0.058 0.021 0.463** IN+3 0.385** 0.533** 0.720** 1 0.169** 0.316** -0.053 -0.046 -0.071 -0.058 0.001 0.455** IP 0.098 -0.048 0.010 -0.050 1 0.546** -0.224** -0.030 -0.272** 0.185** 0.044 0.317** IP*D_FV -0.021 0.023 0.018 0.063 0.113* 1 -0.025 -0.055 -0.129* 0.489** -0.110* 0.495** SIZE 0.073 0.106 0.134* 0.207** -0.207** 0.140** 1 -0.427** 0.419** 0.016 0.034 -0.078 MB -0.027 0.033 -0.035 -0.062 -0.042 -0.130* -0.458** 1 0.118* -0.003 0.020 -0.066 LEV -0.145** -0.037 -0.035 -0.015 -0.219** -0.034 0.390** 0.064 1 -0.044 0.052 0.092 APP -0.048 -0.042 -0.104 -0.093 0.110** 0.591** 0.020 0.076 -0.040 1 -0.118* 0.030 STATE 0.042 0.112* 0.205** 0.184** 0.106 -0.126** 0.021 0.138* 0.085 -0.144** 1 -0.054 SUM_FV 0.005 0.064 0.016 0.034 0.085 0.762** 0.117* -0.090 0.000 0.400** -0.176** 1 Note: All variables are as described in Appendix A. * and ** indicate statistical significance at less than the 5% and 1% level, respectively (two-tailed).