QF_t

PR_t

NI_t

ER_t-1

FP_t-1

PL_t

XR_t

QF_t

1

PR_t

0.642^**

1

NI_t

0.633^**

0.990^**

1

ER_t−1

0.622^**

0.939^**

0.925^**

1

FP_t−1

0.681^**

0.529^**

0.544^**

0.519^**

1

PL_t

0.767^**

0.741^**

0.752^**

0.721^**

0.954^**

1

XR_t

0.863^**

0.737^**

0.739^**

0.724^**

0.859^**

0.929^**

1