Table 1 Correlation matrix ESG CG EVN... | Emerald Publishing

Table 1

Correlation matrix

	ESG	CG	EVN	CSR	ROA	ROE	TQ	Size	FL	Turnover	Growth
ESG	1
CG	0.71***	1
EVN	0.82***	0.65***	1
CSR	0.79***	0.63***	0.68***	1
ROA	0.19***	0.13**	0.17***	0.15***	1
ROE	0.16***	0.11**	0.14***	0.13***	0.61***	1
TQ	−0.12**	−0.15**	−0.09*	−0.10*	0.09*	0.13**	1
Size	0.28***	0.24***	0.19***	0.18***	−0.21**	−0.09*	−0.32**	1
FL	0.13**	0.10*	0.11*	0.09*	−0.18**	−0.04	−0.21**	0.37***	1
Turnover	0.09*	0.06	0.08	0.07	0.49***	0.41***	0.38***	−0.19**	−0.15**	1
Growth	−0.11*	−0.13*	−0.08	−0.09	0.17***	0.12**	0.19***	−0.14*	−0.11*	0.07	1

	ESG	CG	EVN	CSR	ROA	ROE	TQ	Size	FL	Turnover	Growth
ESG	1
CG	0.71***	1
EVN	0.82***	0.65***	1
CSR	0.79***	0.63***	0.68***	1
ROA	0.19***	0.13**	0.17***	0.15***	1
ROE	0.16***	0.11**	0.14***	0.13***	0.61***	1
TQ	−0.12**	−0.15**	−0.09*	−0.10*	0.09*	0.13**	1
Size	0.28***	0.24***	0.19***	0.18***	−0.21**	−0.09*	−0.32**	1
FL	0.13**	0.10*	0.11*	0.09*	−0.18**	−0.04	−0.21**	0.37***	1
Turnover	0.09*	0.06	0.08	0.07	0.49***	0.41***	0.38***	−0.19**	−0.15**	1
Growth	−0.11*	−0.13*	−0.08	−0.09	0.17***	0.12**	0.19***	−0.14*	−0.11*	0.07	1

Note(s): Above: Pearson correlation coefficients (parametric)

Below: Spearman correlation coefficients (nonparametric)

*, **, and *** indicate significance at 10%, 5%, and 1% levels, respectively

Source(s): Authors