Correlation matrix
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gend_Div | 1 | ||||||||||||||||||
| VAIC | −0.130 | 1 | |||||||||||||||||
| HCE | −0.157 | 0.975*** | 1 | ||||||||||||||||
| SCE | −0.078 | 0.774*** | 0.730*** | 1 | |||||||||||||||
| CEE | −0.293** | 0.355*** | 0.377*** | 0.185 | 1 | ||||||||||||||
| DM | 0.196* | 0.107 | 0.109 | 0.121 | −0.288** | 1 | |||||||||||||
| Recruitment | −0.181 | 0.212* | 0.253** | 0.065 | −0.045 | 0.779*** | 1 | ||||||||||||
| Retention | 0.227* | 0.148 | 0.075 | 0.209* | −0.259** | 0.818*** | 0.450*** | 1 | |||||||||||
| Dev_Train | 0.332*** | 0.043 | −0.019 | 0.011 | −0.358*** | 0.846*** | 0.534*** | 0.692*** | 1 | ||||||||||
| Gov_Infr | 0.327*** | −0.122 | −0.021 | 0.087 | −0.290** | 0.676*** | 0.355*** | 0.396*** | 0.453*** | 1 | |||||||||
| WPP | 0.028 | 0.159 | −0.019 | 0.073 | −0.059 | 0.218* | 0.083 | 0.297** | 0.161 | 0.142 | 1 | ||||||||
| Fem_Man | 0.773*** | −0.117 | −0.134 | 0.000 | −0.269** | 0.010 | −0.342*** | 0.133 | 0.195 | 0.132 | 0.120 | 1 | |||||||
| Fem_Dir | −0.013 | 0.089 | 0.031 | 0.207* | −0.224* | 0.325*** | 0.172 | 0.237** | 0.228* | 0.413*** | 0.241** | 0.036 | 1 | ||||||
| Tenure | 0.045 | −0.084 | −0.077 | 0.020 | 0.170 | 0.162 | 0.131 | 0.127 | 0.204* | 0.041 | −0.001 | 0.241** | 0.149 | 1 | |||||
| Expertise | −0.123 | −0.109 | −0.118 | −0.359*** | 0.174 | −0.182 | −0.027 | −0.119 | −0.179 | −0.287** | −0.075 | −0.205* | −0.321*** | 0.120 | 1 | ||||
| Risk_Comm | −0.115 | 0.049 | 0.072 | 0.001 | 0.049 | 0.241** | 0.305*** | 0.058 | 0.108 | 0.276** | 0.231* | −0.282** | 0.297** | 0.044 | 0.052 | 1 | |||
| Size | 0.128 | −0.319*** | −0.265** | −0.126 | −0.813*** | 0.332*** | 0.118 | 0.377*** | 0.318*** | 0.244** | 0.004 | 0.109 | 0.237** | −0.166 | −0.123 | −0.002 | 1 | ||
| ROE | −0.035 | −0.037 | −0.004 | −0.138 | 0.006 | 0.104 | 0.022 | 0.160 | 0.101 | 0.043 | 0.028 | −0.127 | −0.346*** | −0.044 | 0.237** | −0.207* | 0.001 | 1 | |
| Industry | −0.447*** | 0.250** | 0.194 | 0.102 | 0.819*** | −0.360*** | −0.107 | −0.300** | −0.427*** | −0.346*** | −0.159 | −0.403*** | −0.229* | 0.121 | 0.223* | −0.063 | −0.596*** | 0.010 | 1 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gend_Div | 1 | ||||||||||||||||||
| VAIC | −0.130 | 1 | |||||||||||||||||
| HCE | −0.157 | 0.975 | 1 | ||||||||||||||||
| SCE | −0.078 | 0.774 | 0.730 | 1 | |||||||||||||||
| CEE | −0.293 | 0.355 | 0.377 | 0.185 | 1 | ||||||||||||||
| DM | 0.196 | 0.107 | 0.109 | 0.121 | −0.288 | 1 | |||||||||||||
| Recruitment | −0.181 | 0.212 | 0.253 | 0.065 | −0.045 | 0.779 | 1 | ||||||||||||
| Retention | 0.227 | 0.148 | 0.075 | 0.209 | −0.259 | 0.818 | 0.450 | 1 | |||||||||||
| Dev_Train | 0.332 | 0.043 | −0.019 | 0.011 | −0.358 | 0.846 | 0.534 | 0.692 | 1 | ||||||||||
| Gov_Infr | 0.327 | −0.122 | −0.021 | 0.087 | −0.290 | 0.676 | 0.355 | 0.396 | 0.453 | 1 | |||||||||
| WPP | 0.028 | 0.159 | −0.019 | 0.073 | −0.059 | 0.218 | 0.083 | 0.297 | 0.161 | 0.142 | 1 | ||||||||
| Fem_Man | 0.773 | −0.117 | −0.134 | 0.000 | −0.269 | 0.010 | −0.342 | 0.133 | 0.195 | 0.132 | 0.120 | 1 | |||||||
| Fem_Dir | −0.013 | 0.089 | 0.031 | 0.207 | −0.224 | 0.325 | 0.172 | 0.237 | 0.228 | 0.413 | 0.241 | 0.036 | 1 | ||||||
| Tenure | 0.045 | −0.084 | −0.077 | 0.020 | 0.170 | 0.162 | 0.131 | 0.127 | 0.204 | 0.041 | −0.001 | 0.241 | 0.149 | 1 | |||||
| Expertise | −0.123 | −0.109 | −0.118 | −0.359 | 0.174 | −0.182 | −0.027 | −0.119 | −0.179 | −0.287 | −0.075 | −0.205 | −0.321 | 0.120 | 1 | ||||
| Risk_Comm | −0.115 | 0.049 | 0.072 | 0.001 | 0.049 | 0.241 | 0.305 | 0.058 | 0.108 | 0.276 | 0.231 | −0.282 | 0.297 | 0.044 | 0.052 | 1 | |||
| Size | 0.128 | −0.319 | −0.265 | −0.126 | −0.813 | 0.332 | 0.118 | 0.377 | 0.318 | 0.244 | 0.004 | 0.109 | 0.237 | −0.166 | −0.123 | −0.002 | 1 | ||
| ROE | −0.035 | −0.037 | −0.004 | −0.138 | 0.006 | 0.104 | 0.022 | 0.160 | 0.101 | 0.043 | 0.028 | −0.127 | −0.346 | −0.044 | 0.237 | −0.207 | 0.001 | 1 | |
| Industry | −0.447 | 0.250 | 0.194 | 0.102 | 0.819 | −0.360 | −0.107 | −0.300 | −0.427 | −0.346 | −0.159 | −0.403 | −0.229 | 0.121 | 0.223 | −0.063 | −0.596 | 0.010 | 1 |
Note(s):
***p < 0.01; **p < 0.05; *p < 0.1