An Empirical Analysis of Firm-Specific Factors and Equity Premium: Evidence from Manufacturing Sector of Pakistan

Table 2

Correlation matrix of company fundamentals.

Variables	MP	ROE	QR	DPR	DER	A/R TR	Size
MP	1
	ROE	0.003	1
0.868
QR	0.08	0.001	1
	0.000	0.958
DPR	−0.013	0.018	−0.001	1
	0.404	0.237	0.973
DER	0.010	−0.022	0.001	−0.001	1
	0.501	0.142	0.935	0.950
A/R TR	0.014	0.032	−0.018	0.106	0.013	1
	0.370	0.037	0.240	0.000	0.411
Size	−0.09	−0.024	−0.040	0.136	−0.023	−0.039	1
	0.000	0.117	0.009	0.000	0.131	0.011