The Effect of Managerial Ability on Earnings Classification Shifting and Agency Cost of Iranian Listed Companies

Table 3

Pearson’s correlation matrix.

	UCE	MA	ROA	OPCYCLE	LEV	HIGHNOA	CFO
UCE	1
MA	0.071	1
ROA	0.434	0.135	1
OPCYCLE	−0.065	−0.017	−0.064	1
LEV	−0.155	−0.035	−0.531	−0.093	1
HIGHNOA	0.024	−0.034	−0.327	0.033	0.359	1
CFO	0.529	0.007	0.569	−0.118	−0.270	−0.207	1

. .