Table 4 Pairwise correlations Variables... | Emerald Publishing

Table 4

Pairwise correlations

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)
(1) RREAD-LNT	1.000
(2) RREAD-SZ	0.280***	1.000
(3) RREAD-LNT(Actual)	−0.932***	−0.251***	1.000
(4) RREAD-SZ(Actual)	−0.181***	−0.695***	0.171***	1.000
(5) ESGdisclosure	−0.177***	−0.071	0.126***	−0.029	1.000
(6) ACBDiv	−0.229***	−0.130**	0.215***	0.101	0.015	1.000
(7) ACMeetings	−0.234***	0.049	0.203***	−0.060	−0.273***	−0.085	1.000
(8) ACNumber	−0.182***	−0.073	0.181***	0.005	0.076*	0.118*	0.026	1.000
(9) Bdsize	−0.366***	−0.092**	0.347***	0.004	0.252***	0.077	0.059	0.576***	1.000
(10) Boardinde	−0.265***	−0.057	0.275***	−0.032	0.115***	0.004	0.025	0.463***	0.765***	1.000
(11) Leverage	−0.286***	0.061	0.325***	0.002	−0.145***	0.143**	0.309***	0.028	0.286***	0.180***	1.000
(12) SoFirm	−0.027	−0.037	0.069	0.016	−0.185***	0.191***	0.186***	0.182***	0.075*	0.064	0.150***	1.000
(13) ROA	−0.007	−0.084*	−0.039	0.003	0.243***	0.109*	−0.181***	0.065	0.155***	0.145***	−0.359***	−0.082*	1.000
(14) Loss	0.149***	0.060	−0.129***	0.008	−0.188***	−0.213***	0.131**	−0.059	−0.170***	−0.143***	0.130***	0.023	−0.450***	1.000
(15) Firmage	−0.257***	−0.179***	0.246***	0.187***	0.275***	−0.007	−0.067	−0.122**	0.132***	0.127***	0.085**	−0.094**	0.029	−0.110***	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)
(1) RREAD-LNT	1.000
(2) RREAD-SZ	0.280***	1.000
(3) RREAD-LNT(Actual)	−0.932***	−0.251***	1.000
(4) RREAD-SZ(Actual)	−0.181***	−0.695***	0.171***	1.000
(5) ESGdisclosure	−0.177***	−0.071	0.126***	−0.029	1.000
(6) ACBDiv	−0.229***	−0.130**	0.215***	0.101	0.015	1.000
(7) ACMeetings	−0.234***	0.049	0.203***	−0.060	−0.273***	−0.085	1.000
(8) ACNumber	−0.182***	−0.073	0.181***	0.005	0.076*	0.118*	0.026	1.000
(9) Bdsize	−0.366***	−0.092**	0.347***	0.004	0.252***	0.077	0.059	0.576***	1.000
(10) Boardinde	−0.265***	−0.057	0.275***	−0.032	0.115***	0.004	0.025	0.463***	0.765***	1.000
(11) Leverage	−0.286***	0.061	0.325***	0.002	−0.145***	0.143**	0.309***	0.028	0.286***	0.180***	1.000
(12) SoFirm	−0.027	−0.037	0.069	0.016	−0.185***	0.191***	0.186***	0.182***	0.075*	0.064	0.150***	1.000
(13) ROA	−0.007	−0.084*	−0.039	0.003	0.243***	0.109*	−0.181***	0.065	0.155***	0.145***	−0.359***	−0.082*	1.000
(14) Loss	0.149***	0.060	−0.129***	0.008	−0.188***	−0.213***	0.131**	−0.059	−0.170***	−0.143***	0.130***	0.023	−0.450***	1.000
(15) Firmage	−0.257***	−0.179***	0.246***	0.187***	0.275***	−0.007	−0.067	−0.122**	0.132***	0.127***	0.085**	−0.094**	0.029	−0.110***	1.000

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors’ own work