Table 4. Pearson correlation matrix...

Table 4.

Pearson correlation matrix

Variable	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
1	1
2	0.04**	1
3	−0.05**	0.44**	1
4	0.11**	0.39**	0.12**	1
5	0.13**	0.05**	0.02*	0.04**	1
6	0.02	0.01	−0.02*	−0.01	−0.44**	1
7	−0.11**	−0.02*	0.05**	−0.15**	0.05**	0.15**	1
8	−0.01	−0.05**	−0.06**	0.05**	−0.11**	−0.03**	−0.12**	1
9	−0.04**	−0.04**	−0.02*	0.00	−0.08**	0.17	−0.12**	0.30**	1
10	−0.02	0.00	0.00	0.00	0.00	0.01	−0.03**	−0.01	0.79**	1
11	−0.02	0.02**	0.01	0.01	0.00	0.00	−0.02*	0.04**	0.25**	0.29**	1
12	−0.33**	0.17**	0.16**	0.02*	0.09**	−0.06**	0.37**	−0.05**	−0.02*	0.00	0.00	1
13	−0.44**	0.23**	0.19**	0.06**	0.00	0.00	0.32**	0.02**	0.04**	0.00	0.00	0.60**	1
14	−0.41**	0.13**	0.03**	0.10**	0.04**	0.00	0.20**	0.02*	0.00	0.000	0.00	0.32**	0.47**	1
15	−0.04**	0.05**	−0.07**	0.18**	0.03**	0.12**	0.54**	−0.02**	−0.03**	0.00	0.00	0.25**	0.26**	0.24**	1
16	−0.02	0.01	0.15**	−0.17**	0.04**	0.10**	0.42**	−0.11**	−0.06**	0.00	0.00	0.19**	0.09**	0,20**	0.20**	1
17	0.00	0.05**	−0.02*	0.06**	−0.04**	0.03**	0.07**	0.10**	0.07**	−0.03**	−0.02**	0.04**	0.32**	0,33**	0.11**	−0.24**

Variable	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
1	1
2	0.04**	1
3	−0.05**	0.44**	1
4	0.11**	0.39**	0.12**	1
5	0.13**	0.05**	0.02*	0.04**	1
6	0.02	0.01	−0.02*	−0.01	−0.44**	1
7	−0.11**	−0.02*	0.05**	−0.15**	0.05**	0.15**	1
8	−0.01	−0.05**	−0.06**	0.05**	−0.11**	−0.03**	−0.12**	1
9	−0.04**	−0.04**	−0.02*	0.00	−0.08**	0.17	−0.12**	0.30**	1
10	−0.02	0.00	0.00	0.00	0.00	0.01	−0.03**	−0.01	0.79**	1
11	−0.02	0.02**	0.01	0.01	0.00	0.00	−0.02*	0.04**	0.25**	0.29**	1
12	−0.33**	0.17**	0.16**	0.02*	0.09**	−0.06**	0.37**	−0.05**	−0.02*	0.00	0.00	1
13	−0.44**	0.23**	0.19**	0.06**	0.00	0.00	0.32**	0.02**	0.04**	0.00	0.00	0.60**	1
14	−0.41**	0.13**	0.03**	0.10**	0.04**	0.00	0.20**	0.02*	0.00	0.000	0.00	0.32**	0.47**	1
15	−0.04**	0.05**	−0.07**	0.18**	0.03**	0.12**	0.54**	−0.02**	−0.03**	0.00	0.00	0.25**	0.26**	0.24**	1
16	−0.02	0.01	0.15**	−0.17**	0.04**	0.10**	0.42**	−0.11**	−0.06**	0.00	0.00	0.19**	0.09**	0,20**	0.20**	1
17	0.00	0.05**	−0.02*	0.06**	−0.04**	0.03**	0.07**	0.10**	0.07**	−0.03**	−0.02**	0.04**	0.32**	0,33**	0.11**	−0.24**

Note(s):

1 = Dis-perf gap; 2 = EU×Post; 3 = Civ_law; 4 = Com_law; 5 = Env_sens; 6 = Cust_prox; 7 = Firm size; 8 = ROA; 9 = Tobin’s q; 10 = leverage; 11 = slack resources; 12 = environmental pillar; 13 = social pillar; 14 = governance pillar; 15 = ownership structure; 16 = board size; 17 = board independence

Source(s): Created by author

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