Table 4. Correlation matrix Variables 1... | Emerald Publishing

Table 4.

Correlation matrix

Variables		1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
Ln(EnvDisclosure)	1	1.00
BioDiversity_indicator	2	0.73	1.00
ClimateChange_indicator	3	0.79	0.37	1.00
Env_Investments_indicator	4	0.65	0.33	0.29	1.00
SpillImpactReduction_indicator	5	0.51	0.33	0.21	0.23	1.00
Ln(StateOwn(%))	6	0.11	0.13	0.06	0.07	0.05	1.00
Ln(InstitutionalOwn(%))	7	−0.11	−0.10	−0.05	−0.10	−0.06	−0.13	1.00
FirmSize (lnTotalAssets)	8	0.34	0.20	0.32	0.22	0.15	0.15	−0.20	1.00
Leverage (lnDebttoEquity)	9	0.13	0.07	0.13	0.08	0.03	0.06	−0.05	0.43	1.00
ROE (lnROE)	10	−0.03	−0.03	−0.01	−0.03	−0.01	−0.02	0.03	−0.10	0.00	1.00
CFO (lnCFO)	11	0.37	0.23	0.33	0.23	0.19	0.13	−0.16	0.82	0.27	0.10	1.00
Reputation_Monitoring_indicator	12	0.44	0.31	0.41	0.26	0.18	0.11	−0.07	0.24	0.07	0.02	0.25	1.00
CEO_Comp_Link_indicator	13	0.11	0.05	0.16	0.00	0.06	−0.08	0.22	0.03	0.07	0.06	0.05	0.10	1.00
CEO_BoardMem_indicator	14	−0.03	−0.03	−0.03	−0.01	0.00	−0.11	0.13	−0.02	−0.05	−0.01	−0.01	−0.03	0.14	1.00
CG_Comm_indicator	15	0.02	−0.01	0.05	−0.03	0.04	−0.11	0.24	0.11	0.06	0.01	0.14	−0.03	0.27	0.18	1.00
CSR_Comm_indicator	16	0.52	0.33	0.51	0.28	0.16	0.07	−0.08	0.26	0.09	−0.02	0.27	0.42	0.12	0.00	−0.03	1.00
Ln(CloselyHeldShares(%))	17	−0.07	−0.01	−0.13	0.00	−0.03	0.16	−0.28	−0.09	−0.08	−0.03	−0.09	−0.05	−0.40	−0.15	−0.38	−0.08

Variables		1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
Ln(EnvDisclosure)	1	1.00
BioDiversity_indicator	2	0.73	1.00
ClimateChange_indicator	3	0.79	0.37	1.00
Env_Investments_indicator	4	0.65	0.33	0.29	1.00
SpillImpactReduction_indicator	5	0.51	0.33	0.21	0.23	1.00
Ln(StateOwn(%))	6	0.11	0.13	0.06	0.07	0.05	1.00
Ln(InstitutionalOwn(%))	7	−0.11	−0.10	−0.05	−0.10	−0.06	−0.13	1.00
FirmSize (lnTotalAssets)	8	0.34	0.20	0.32	0.22	0.15	0.15	−0.20	1.00
Leverage (lnDebttoEquity)	9	0.13	0.07	0.13	0.08	0.03	0.06	−0.05	0.43	1.00
ROE (lnROE)	10	−0.03	−0.03	−0.01	−0.03	−0.01	−0.02	0.03	−0.10	0.00	1.00
CFO (lnCFO)	11	0.37	0.23	0.33	0.23	0.19	0.13	−0.16	0.82	0.27	0.10	1.00
Reputation_Monitoring_indicator	12	0.44	0.31	0.41	0.26	0.18	0.11	−0.07	0.24	0.07	0.02	0.25	1.00
CEO_Comp_Link_indicator	13	0.11	0.05	0.16	0.00	0.06	−0.08	0.22	0.03	0.07	0.06	0.05	0.10	1.00
CEO_BoardMem_indicator	14	−0.03	−0.03	−0.03	−0.01	0.00	−0.11	0.13	−0.02	−0.05	−0.01	−0.01	−0.03	0.14	1.00
CG_Comm_indicator	15	0.02	−0.01	0.05	−0.03	0.04	−0.11	0.24	0.11	0.06	0.01	0.14	−0.03	0.27	0.18	1.00
CSR_Comm_indicator	16	0.52	0.33	0.51	0.28	0.16	0.07	−0.08	0.26	0.09	−0.02	0.27	0.42	0.12	0.00	−0.03	1.00
Ln(CloselyHeldShares(%))	17	−0.07	−0.01	−0.13	0.00	−0.03	0.16	−0.28	−0.09	−0.08	−0.03	−0.09	−0.05	−0.40	−0.15	−0.38	−0.08