Table 4.

Pearson correlation coefficients

GOVDSOCDENVDBGDBSCEODBCDBIGEQROLROAGEASIZEAGE
ESGD0.800.840.880.210.290.120.040.290.28−0.080.000.150.450.05
GOVD 0.470.480.180.170.140.050.360.42−0.01−0.030.130.350.02
SOCD  0.750.170.230.070.040.170.11−0.130.020.110.370.05
ENVD   0.180.320.070.000.160.13−0.080.020.140.410.06
BGD    0.060.01−0.070.140.030.000.03−0.010.100.00
BS     0.15−0.22−0.19−0.14−0.17−0.050.180.450.18
CEOD      −0.06−0.100.08−0.190.000.040.17−0.05
BCD       0.080.110.060.01−0.010.020.09
BI        0.240.240.08−0.010.09−0.06
GEQ         0.66−0.020.030.140.04
ROL          0.04−0.110.140.13
ROA           −0.29−0.01−0.04
GEA            0.17−0.03
SIZE             0.20
Notes:

This table presents Pearson correlation coefficients between the variables used in this study. Italic coefficients are significant at the p < 0.05 level

Source: Authors’ own work

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