Table A1. Pearson’s correlation matrix... | Emerald Publishing

Table A1.

Pearson’s correlation matrix

	1. Monitoring	2. Strategy	3. Advisory	4. Proportion of 20%	5. Proportion of 33%	6. Board size	7. Independent directors %	8. CEO duality	9. Firm size
1.	-/-
2.	0.24^a	-/-
3.	0.49^a	0.26^a	-/-
4.	0.12	0.04	0.13	-/-
5.	0.10	0.09	0.05	0.68 ^a	-/-
6.	0.16^a	−0.11	−0.26^a	−0.10	0.09	-/-
7.	0.29^a	0.30^a	0.42^a	0.15	0.03	0.15	-/-
8.	−0.22^a	−0.14	−0.30^a	−0.23^a	−0.16^a	0.09	−0.28	-/-
9.	0.28^a	0.24^a	0.09	−0.02	−0.16^a	0.30^a	0.36	−0.08	-/-

	1. Monitoring	2. Strategy	3. Advisory	4. Proportion of 20%	5. Proportion of 33%	6. Board size	7. Independent directors %	8. CEO duality	9. Firm size
1.	-/-
2.	0.24^a	-/-
3.	0.49^a	0.26^a	-/-
4.	0.12	0.04	0.13	-/-
5.	0.10	0.09	0.05	0.68 ^a	-/-
6.	0.16^a	−0.11	−0.26^a	−0.10	0.09	-/-
7.	0.29^a	0.30^a	0.42^a	0.15	0.03	0.15	-/-
8.	−0.22^a	−0.14	−0.30^a	−0.23^a	−0.16^a	0.09	−0.28	-/-
9.	0.28^a	0.24^a	0.09	−0.02	−0.16^a	0.30^a	0.36	−0.08	-/-

Note:

^aCorrelation is significant at the 0.05 level (two-tailed)