Table 2. Correlation matrix Variables... | Emerald Publishing

Table 2.

Correlation matrix

Variables	ESG	Envir	Social	Gov.	lev	tac	EPS	cash_ratio	size	sector	bs	family
ESG	1.000	0.889	0.947	0.708	−0.031	0.048	0.085	0.163	0.236	0.009	0.359	0.032
Envir		1.000	0.845	0.480	−0.040	0.026	0.075	0.137	0.264	−0.087	0.423	0.055
Social			1.000	0.538	−0.050	0.036	0.085	0.149	0.208	0.011	0.355	0.038
Governance				1.000	0.003	0.052	0.047	0.137	0.197	0.129	0.110	−0.083
lev					1.000	−0.027	−0.409	−0.064	0.071	0.016	−0.010	−0.007
tac						1.000	0.063	−0.008	0.007	0.063	0.036	0.038
EPS							1.000	0.027	0.019	0.031	−0.080	−0.025
cash_ratio								1.000	0.057	−0.112	−0.017	0.013
size									1.000	0.077	0.362	0.198
sector										1.000	−0.231	−0.266
bs											1.000	0.213
fam_bin												1.000

Variables	ESG	Envir	Social	Gov.	lev	tac	EPS	cash_ratio	size	sector	bs	family
ESG	1.000	0.889	0.947	0.708	−0.031	0.048	0.085	0.163	0.236	0.009	0.359	0.032
Envir		1.000	0.845	0.480	−0.040	0.026	0.075	0.137	0.264	−0.087	0.423	0.055
Social			1.000	0.538	−0.050	0.036	0.085	0.149	0.208	0.011	0.355	0.038
Governance				1.000	0.003	0.052	0.047	0.137	0.197	0.129	0.110	−0.083
lev					1.000	−0.027	−0.409	−0.064	0.071	0.016	−0.010	−0.007
tac						1.000	0.063	−0.008	0.007	0.063	0.036	0.038
EPS							1.000	0.027	0.019	0.031	−0.080	−0.025
cash_ratio								1.000	0.057	−0.112	−0.017	0.013
size									1.000	0.077	0.362	0.198
sector										1.000	−0.231	−0.266
bs											1.000	0.213
fam_bin												1.000

Source(s): Own elaboration