Correlation matrix
| ESG | R&D | Patents | CSR_Com | GRI_Guid | EIS | Prod_resp | TA | Mkt_cap | ROA | |
|---|---|---|---|---|---|---|---|---|---|---|
| ESG | 1 | |||||||||
| R&D | 0.3084*** | 1 | ||||||||
| Patents | 0.1478*** | 0.5206*** | 1 | |||||||
| CSR_Com | 0.5216*** | 0.1563*** | 0.1264*** | 1 | ||||||
| GRI_Guid | 0.0705* | −0.0653 | −0.0894** | −0.0155 | 1 | |||||
| EIS | 0.5065*** | 0.3050*** | 0.1927*** | 0.1999*** | 0.0541 | 1 | ||||
| Prod_resp | 0.5107*** | 0.1019*** | 0.0264 | 0.2430*** | 0.0626 | 0.2704*** | 1 | |||
| TA | 0.4773*** | 0.6577*** | 0.3081*** | 0.1940*** | −0.0296 | 0.2911*** | 0.1873*** | 1 | ||
| Mkt_cap | 0.2664*** | 0.5577*** | 0.4069*** | 0.1405*** | −0.0082 | 0.1344*** | 0.0074 | 0.5963*** | 1 | |
| ROA | −0.1686*** | −0.0220 | −0.0902*** | −0.1316*** | 0.0079 | −0.1332*** | −0.1112*** | −0.1821*** | 0.0905*** | 1 |
| ESG | R&D | Patents | CSR_Com | GRI_Guid | EIS | Prod_resp | TA | Mkt_cap | ROA | |
|---|---|---|---|---|---|---|---|---|---|---|
| ESG | 1 | |||||||||
| R&D | 0.3084*** | 1 | ||||||||
| Patents | 0.1478*** | 0.5206*** | 1 | |||||||
| CSR_Com | 0.5216*** | 0.1563*** | 0.1264*** | 1 | ||||||
| GRI_Guid | 0.0705* | −0.0653 | −0.0894** | −0.0155 | 1 | |||||
| EIS | 0.5065*** | 0.3050*** | 0.1927*** | 0.1999*** | 0.0541 | 1 | ||||
| Prod_resp | 0.5107*** | 0.1019*** | 0.0264 | 0.2430*** | 0.0626 | 0.2704*** | 1 | |||
| TA | 0.4773*** | 0.6577*** | 0.3081*** | 0.1940*** | −0.0296 | 0.2911*** | 0.1873*** | 1 | ||
| Mkt_cap | 0.2664*** | 0.5577*** | 0.4069*** | 0.1405*** | −0.0082 | 0.1344*** | 0.0074 | 0.5963*** | 1 | |
| ROA | −0.1686*** | −0.0220 | −0.0902*** | −0.1316*** | 0.0079 | −0.1332*** | −0.1112*** | −0.1821*** | 0.0905*** | 1 |