Table V Correlation of the variables in... | Emerald Publishing

Table V

Correlation of the variables in regression analyses

	Mean	SD	AP-Full	ROA_t−2	Year of certification	Firm size	ISO 9001	ISO 14001	OHSAS 18001	Industry size	Labour intensity	HDI Index	Power distance (Hofstede)	Individualism (Hofstede)	Masculinity (Hofstede)	Uncertainty avoidance (Hofstede)	Long-term orientation (Hofstede)	Indulgence (Hofstede)
AP-Full	0.00	0.01
ROA_t−2	2.94	29.49	0.29**
Year of certification	2009	2.77	−0.14	−0.16
Firm Size	1.29	1.54	0.11	−0.16	0.01
ISO 9001	0.94	0.24	0.01	0.03	0.00	0.01
ISO 14001	0.77	0.42	0.03	0.06	−0.25**	0.03	0.36***
OHSAS 18001	0.57	0.50	−0.10	−0.12	−0.04	0.18*	0.12	0.44***
Industry size	6.08	3.82	0.07	0.03	−0.17*	0.27**	0.12	0.19*	0.17*
Labour intensity	0.04	0.13	−0.05	−0.03	0.05	0.18	0.04	−0.01	0.07	−0.11
HDI Index	0.65	0.12	0.10	0.18*	−0.04	−0.03	−0.07	0.23**	0.10	0.16	−0.11
Power distance (Hofstede)	71.34	11.96	−0.33**	−0.18*	0.01	−0.07	0.05	−0.13	−0.01	0.14	0.08	−0.55***
Individualism (Hofstede)	41.95	15.24	0.30**	0.23**	−0.10	0.10	−0.01	−0.08	0.11	0.06	0.03	−0.23**	0.16
Masculinity (Hofstede)	53.37	9.75	0.26**	0.17*	−0.19*	0.05	−0.19*	−0.15	−0.06	−0.10	0.00	−0.18*	−0.09	0.63***
Uncertainty avoidance (Hofstede)	49.82	16.56	−0.07	0.15	−0.03	−0.20*	−0.06	0.23**	−0.03	−0.03	−0.10	0.74***	−0.62***	−0.34**	−0.07
Long-term orientation (Hofstede)	56.50	14.62	0.00	0.03	0.04	0.02	−0.13	0.14	0.07	−0.06	−0.08	0.75***	−0.43***	−0.51***	−0.14	0.52***
Indulgence (Hofstede)	28.41	11.51	0.17	0.01	−0.13	0.16	−0.09	0.10	0.21**	0.25**	−0.06	0.67***	−0.18*	−0.08	−0.11	0.12	0.58***

	Mean	SD	AP-Full	ROA_t−2	Year of certification	Firm size	ISO 9001	ISO 14001	OHSAS 18001	Industry size	Labour intensity	HDI Index	Power distance (Hofstede)	Individualism (Hofstede)	Masculinity (Hofstede)	Uncertainty avoidance (Hofstede)	Long-term orientation (Hofstede)	Indulgence (Hofstede)
AP-Full	0.00	0.01
ROA_t−2	2.94	29.49	0.29**
Year of certification	2009	2.77	−0.14	−0.16
Firm Size	1.29	1.54	0.11	−0.16	0.01
ISO 9001	0.94	0.24	0.01	0.03	0.00	0.01
ISO 14001	0.77	0.42	0.03	0.06	−0.25**	0.03	0.36***
OHSAS 18001	0.57	0.50	−0.10	−0.12	−0.04	0.18*	0.12	0.44***
Industry size	6.08	3.82	0.07	0.03	−0.17*	0.27**	0.12	0.19*	0.17*
Labour intensity	0.04	0.13	−0.05	−0.03	0.05	0.18	0.04	−0.01	0.07	−0.11
HDI Index	0.65	0.12	0.10	0.18*	−0.04	−0.03	−0.07	0.23**	0.10	0.16	−0.11
Power distance (Hofstede)	71.34	11.96	−0.33**	−0.18*	0.01	−0.07	0.05	−0.13	−0.01	0.14	0.08	−0.55***
Individualism (Hofstede)	41.95	15.24	0.30**	0.23**	−0.10	0.10	−0.01	−0.08	0.11	0.06	0.03	−0.23**	0.16
Masculinity (Hofstede)	53.37	9.75	0.26**	0.17*	−0.19*	0.05	−0.19*	−0.15	−0.06	−0.10	0.00	−0.18*	−0.09	0.63***
Uncertainty avoidance (Hofstede)	49.82	16.56	−0.07	0.15	−0.03	−0.20*	−0.06	0.23**	−0.03	−0.03	−0.10	0.74***	−0.62***	−0.34**	−0.07
Long-term orientation (Hofstede)	56.50	14.62	0.00	0.03	0.04	0.02	−0.13	0.14	0.07	−0.06	−0.08	0.75***	−0.43***	−0.51***	−0.14	0.52***
Indulgence (Hofstede)	28.41	11.51	0.17	0.01	−0.13	0.16	−0.09	0.10	0.21**	0.25**	−0.06	0.67***	−0.18*	−0.08	−0.11	0.12	0.58***

Note: *,**,***Significant at the 10, 5, and 1 per cent levels, respectively