Table 3 Correlation matrix 1 2 3 4 5 6 7... | Emerald Publishing

Table 3

Correlation matrix

	1	2	3	4	5	6	7	8	9	10	11	12	13	14
1. Brand Value (ln)	1
2. Bank size (ln)	0.8017**	1
3. Bank Age (ln)	0.0502	−0.1190**	1
4. Business model	−0.2598**	−0.4401**	0.0014	1
5. Intangible assets (%)	−0.0603†	−0.1922**	0.0676†	0.0072	1
6. Asset growth (%)	−0.0149	−0.1078**	−0.0324	0.0524	−0.0775*	1
7. Profitability (%)	0.0309	−0.2822**	0.1772**	0.0574	0.1931**	0.2791**	1
8. Credit risk (%)	−0.1477**	−0.0938**	−0.0604†	−0.1861**	0.1439**	−0.1745**	0.3814**	1
9. RWA/TA (%)	0.1352**	−0.1678**	−0.1142**	0.2844**	0.0869*	0.2650**	0.5274**	0.0338	1
10. ESG score	−0.1438**	−0.1698**	0.1396**	0.0013	0.1247**	−0.0492	−0.0945**	−0.0290	−0.4199**	1
11. Environmental score	0.2652**	0.3505**	0.1377**	−0.2401**	−0.0495	−0.2402**	−0.2047**	−0.0259	−0.4997**	0.4469**	1
12. Social score	−0.1270**	−0.0222	0.0493	−0.2556**	0.0714*	−0.0119	0.0164	0.1565**	−0.3492**	0.6251**	0.2399**	1
13. Governance score	−0.3075**	−0.4396**	0.1475**	0.3621**	0.1845**	0.0957**	−0.0007	−0.1775**	−0.0510	0.5814**	0.0442	0.1493**	1
14. GDP	0.1157***	0.0518	−0.0834*	0.1013**	−0.2311**	0.1755**	0.0476	−0.2681**	0.2779**	−0.1982**	−0.1926**	−0.2519**	−0.0814*	1

	1	2	3	4	5	6	7	8	9	10	11	12	13	14
1. Brand Value (ln)	1
2. Bank size (ln)	0.8017**	1
3. Bank Age (ln)	0.0502	−0.1190**	1
4. Business model	−0.2598**	−0.4401**	0.0014	1
5. Intangible assets (%)	−0.0603†	−0.1922**	0.0676†	0.0072	1
6. Asset growth (%)	−0.0149	−0.1078**	−0.0324	0.0524	−0.0775*	1
7. Profitability (%)	0.0309	−0.2822**	0.1772**	0.0574	0.1931**	0.2791**	1
8. Credit risk (%)	−0.1477**	−0.0938**	−0.0604†	−0.1861**	0.1439**	−0.1745**	0.3814**	1
9. RWA/TA (%)	0.1352**	−0.1678**	−0.1142**	0.2844**	0.0869*	0.2650**	0.5274**	0.0338	1
10. ESG score	−0.1438**	−0.1698**	0.1396**	0.0013	0.1247**	−0.0492	−0.0945**	−0.0290	−0.4199**	1
11. Environmental score	0.2652**	0.3505**	0.1377**	−0.2401**	−0.0495	−0.2402**	−0.2047**	−0.0259	−0.4997**	0.4469**	1
12. Social score	−0.1270**	−0.0222	0.0493	−0.2556**	0.0714*	−0.0119	0.0164	0.1565**	−0.3492**	0.6251**	0.2399**	1
13. Governance score	−0.3075**	−0.4396**	0.1475**	0.3621**	0.1845**	0.0957**	−0.0007	−0.1775**	−0.0510	0.5814**	0.0442	0.1493**	1
14. GDP	0.1157***	0.0518	−0.0834*	0.1013**	−0.2311**	0.1755**	0.0476	−0.2681**	0.2779**	−0.1982**	−0.1926**	−0.2519**	−0.0814*	1

Note(s): **, * and † denote significance at 1%, 5% and 10%, respectively

Source(s): Authors' own work