Table 3 Correlation analysis Variables 1...

Table 3

Correlation analysis

	Variables	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
1	StdROA	1
2	StdTobinq	0.306***	1
3	ESGs	−0.131***	−0.161***	1
4	ENPs	−0.112***	−0.180***	0.851***	1
5	SOPs	−0.101***	−0.102***	0.892***	0.715***	1
6	GOPs	−0.084***	−0.126***	0.688***	0.399***	0.410***	1
7	ESGs-ind	−0.122***	−0.143***	0.986***	0.826***	0.886***	0.677***	1
8	ENPs-ind	−0.140***	−0.160***	0.829***	0.920***	0.724***	0.373***	0.853***	1
9	SOPs-ind	−0.078***	−0.098***	0.884***	0.719***	0.986***	0.411***	0.893***	0.725***	1
10	GOPs-ind	−0.076***	−0.100***	0.679***	0.380***	0.411***	0.987***	0.687***	0.390***	0.416***	1
11	Bsize	−0.187***	−0.205***	0.271***	0.304***	0.231***	0.089***	0.267***	0.297***	0.240***	0.075***	1
12	Bgdiversity	−0.062***	−0.005	0.283***	0.169***	0.291***	0.215***	0.272***	0.190***	0.256***	0.221***	0.021***	1
13	Bindependence	0.031***	0.016***	0.157***	0.014***	0.213***	0.150***	0.157***	0.033***	0.208***	0.144***	−0.013***	0.307***	1
14	CEOpow	−0.002	0.006	−0.032***	−0.016***	0.006	−0.087***	−0.023***	−0.013***	0.016***	−0.079***	0.054***	−0.027***	−0.020***	1
15	Fsize	−0.322***	−0.391***	0.456***	0.438***	0.375***	0.283***	0.455***	0.476***	0.377***	0.261***	0.515***	0.052***	0.042***	0.065***	1
16	ROA	−0.113***	0.047***	0.085***	0.088***	0.055***	0.068***	0.070***	0.033***	0.064***	0.052***	0.028***	0.027***	−0.011**	0.033***	0.054***	1
17	Leverage	−0.063***	−0.124***	0.045***	0.065***	0.060***	0.022***	0.027***	0.020***	0.057***	0.004	0.029***	0.034***	0.050***	0.030***	0.105***	−0.131***	1
18	Currentr	0.224***	0.274***	−0.186***	−0.180***	−0.139***	−0.131***	−0.165***	−0.143***	−0.135***	−0.104***	−0.200***	−0.073***	−0.049***	−0.009**	−0.342***	−0.091***	−0.282***	1
19	RDintensity	0.139***	0.240***	−0.077***	−0.103***	−0.023***	−0.066***	−0.046***	−0.034***	−0.023***	−0.033***	−0.103***	−0.013***	0.011***	−0.003	−0.219***	−0.352***	−0.097***	0.299***	1
20	FFP	0.008*	−0.009**	0.096***	0.008*	0.092***	0.145***	0.117***	0.051***	0.100***	0.163***	−0.061***	0.123***	0.073***	0.130***	−0.008*	−0.053***	0.012***	0.031***	0.039***	1

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors’ own work

[ViewLarge]

Sharing Unavailable