Correlation matrix
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sales growth | 1.000 | ||||||||||
| 2 | Profitability | 0.135 | 1.000 | |||||||||
| 3 | UNGC | 0.003 | 0.158 | 1.000 | ||||||||
| 4 | OHSAS18001 | 0.025 | 0.351 | 0.279 | 1.000 | |||||||
| 5 | KYOTO | −0.019 | 0.248 | 0.290 | 0.380 | 1.000 | ||||||
| 6 | Firm size | −0.032 | 0.345 | 0.479 | 0.420 | 0.625 | 1.000 | |||||
| 7 | Leverage | −0.061 | −0.093 | −0.164 | −0.203 | −0.142 | −0.383 | 1.000 | ||||
| 8 | EQI | 0.023 | −0.099 | −0.188 | −0.041 | −0.261 | −0.294 | −0.076 | 1.000 | |||
| 9 | Env_Dyn | 0.054 | 0.049 | 0.032 | 0.069 | 0.146 | 0.054 | 0.025 | −0.011 | 1.000 | ||
| 10 | Mkt_share | 0.109 | −0.058 | −0.059 | −0.098 | −0.071 | −0.003 | −0.075 | 0.045 | 0. 03 | 1.000 | |
| 11 | Mtb | 0.0917 | −0.152 | −0.168 | −0.140 | −0.190 | 0.470 | 0.122 | −0.029 | −0.051 | −0.019 | 1.000 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sales growth | 1.000 | ||||||||||
| 2 | Profitability | 0.135 | 1.000 | |||||||||
| 3 | UNGC | 0.003 | 0.158 | 1.000 | ||||||||
| 4 | OHSAS18001 | 0.025 | 0.351 | 0.279 | 1.000 | |||||||
| 5 | KYOTO | −0.019 | 0.248 | 0.290 | 0.380 | 1.000 | ||||||
| 6 | Firm size | −0.032 | 0.345 | 0.479 | 0.420 | 0.625 | 1.000 | |||||
| 7 | Leverage | −0.061 | −0.093 | −0.164 | −0.203 | −0.142 | −0.383 | 1.000 | ||||
| 8 | EQI | 0.023 | −0.099 | −0.188 | −0.041 | −0.261 | −0.294 | −0.076 | 1.000 | |||
| 9 | Env_Dyn | 0.054 | 0.049 | 0.032 | 0.069 | 0.146 | 0.054 | 0.025 | −0.011 | 1.000 | ||
| 10 | Mkt_share | 0.109 | −0.058 | −0.059 | −0.098 | −0.071 | −0.003 | −0.075 | 0.045 | 0. 03 | 1.000 | |
| 11 | Mtb | 0.0917 | −0.152 | −0.168 | −0.140 | −0.190 | 0.470 | 0.122 | −0.029 | −0.051 | −0.019 | 1.000 |
Source(s): Authors’ own work
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