Working Paper Series: Special Edition of 2016 to 2018 Interns

Table 21. Correlation Matrix for Model 1 Full Sample

Loan

Size

Education

Larger

Legal Exporter Foreign Technical Innovation Development

Audit

Overdraft

Growth

Collateral

Real

LNGDPC

Loan

1

Size

-0.0776

1

Education

- 0.0085 7 - 0.0047 4 - 0.0027 3 0.0213

-0.0755

1

Larger

-0.190

0.0456

1

Legal

0.176

-0.0218

-0.0995

1

Exporter

-0.147

0.0498

0.0859

- 0.097 1 - 0.108 - 0.000 13 - 0.064 7 - 0.060 9 - 0.102 - 0.070 1 0.010 3

1

Foreign

0.0084 3 0.0388

-0.152

0.0337

0.161

0.107

1

Technical

- 0.0058 4 -0.187

0.0306

-0.0140

0.0475

-0.0251

1

Innovation

0.0408

-0.00042

0.108

0.165

0.0126

0.0357

1

Develop

0.0396

-0.127

0.0440

0.0977

0.172

0.0251

0.0174

0.526

1

Audit

0.0670

-0.212

0.0632

0.133

0.0851

0.0648

0.0126

0.122

0.0637

1

Overdraft

0.0742

-0.192

0.0785

0.0353

0.0484

0.00317

0.0500

0.0417

0.0709

0.178

1

Growth

0.0313

0.0240

-0.0482

- 0.00621

-0.0152

- 0.00325

-0.0102

0.00909

0.00082

-0.0453

-0.0392

1

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