Table 2 Correlation matrix Part A -...

Table 2

Correlation matrix

Part A - correlation matrix
Variables	MSV	GreenInv	Size	Lev	Growth	ROA	CapEx	Div
MSV	1.000
GreenInv	0.100***	1.000
Size	−0.036*	0.114***	1.000
Lev	0.028	0.095***	0.240***	1.000
Growth	−0.046**	−0.026	−0.023	0.030	1.000
ROA	0.317***	0.048**	0.047**	−0.074***	0.211***	1.000
CapEx	−0.003	−0.030	−0.018	−0.104***	−0.042*	0.057***	1.000
Div	−0.003	0.063***	0.199***	−0.114***	0.032	0.257***	0.057***	1.000

Part A - correlation matrix
Variables	MSV	GreenInv	Size	Lev	Growth	ROA	CapEx	Div
MSV	1.000
GreenInv	0.100***	1.000
Size	−0.036*	0.114***	1.000
Lev	0.028	0.095***	0.240***	1.000
Growth	−0.046**	−0.026	−0.023	0.030	1.000
ROA	0.317***	0.048**	0.047**	−0.074***	0.211***	1.000
CapEx	−0.003	−0.030	−0.018	−0.104***	−0.042*	0.057***	1.000
Div	−0.003	0.063***	0.199***	−0.114***	0.032	0.257***	0.057***	1.000

Part B - variance inflation factors of variables (VIF)
	GreenInv	Size	Lev	Growth	ROA	CapEx	Div
VIF	1.031	1.175	1.191	1.151	1.244	1.041	1.018

Part B - variance inflation factors of variables (VIF)
VIF	1.031	1.175	1.191	1.151	1.244	1.041	1.018

Note(s): This table presents the correlation matrix (Part A) and variance inflation factors (VIFs) (Part B) for the full sample. ***, **, and * indicate statistical significance at the 1%, 5%, and 10% levels, respectively

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