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Table 2 Pearson’s correlation matrix

From: CEO characteristics and firm performance: focus on origin, education and ownership

Variable Stock pr. ROA ROE CEO_OWN CEO_EDUC CEO_IN SIZE CFO LEV
Stock pr. 1         
ROA − 0.082** 1        
ROE 0.337** 0.520** 1       
CEO_OWN − 0.181** 0.167** 0.070 1      
CEO_EDUC − 0.014 0.152* 0.056 0149** 1     
CEO_IN 0.275* 0.030 0.193** 0.100 0.036 1    
SIZE 0.139** − 0.250* − 0.176** − 0.134** − 0.063 0.133 1   
CFO − 0.161** 0.364** 0.189** 0.129 − 0.120 − 0.013 − 0.235** 1  
LEV 0.719 − 0.131** 0.298** − 0.256 − 0.116 0.221* 0.165** − 0.236** 1
  1. ROA return on assets, ROE return on equity, CEO_OWN CEO ownership, CEO_EDUC CEO education, CEO_IN CEO insider, SIZE firm size, CFO operating cash flow, LEV leverage ratio. *p < 0.05, **p < 0.01
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