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Table 3 Spearman correlation coefficients

From: The impact of US sugar prices on the financial performance of US sugar-using firms

  ROA MTB SGA ATO Size Growth FRisk UWpra UWpre
MTB 0.8330*         
SGA 0.3387* 0.3584*        
ATO 0.3028* 0.1804* 0.2358*       
Size 0.2947* 0.3365* 0.1758* − 0.4018*      
Growth − 0.1791* − 0.1626* − 0.0996* − 0.0123 − 0.1412*     
FRisk − 0.5109* − 0.6115* − 0.3790* − 0.2673* 0.1001* 0.0887*    
UWpra 0.039 − 0.0690* 0.1078* 0.1818* − 0.1753* 0.0721* − 0.0794*   
UWpre 0.055 − 0.0919* 0.1121* 0.1969* − 0.1811* 0.0921* − 0.0915* 0.8671*  
UWprb 0.0495 − 0.0769* 0.0787* 0.1343* − 0.1453* 0.0777* − 0.0809* 0.7726* 0.9503*
  1. Notes: Variable definitions are in Table 1. All variables are in natural logarithm, ROA and MTB are expressed at t + 1 and other variables at t, as in models (2) and (3)
  2. *Statistical significance level at 5%