Correlation matrix
| Variable | Return-on-capital- employed (ROCE) | Tobin's Q | ESG rating | Debt-to-equity ratio (DOT) | Company size (Size) |
|---|---|---|---|---|---|
| Return-on-capital-employed (ROCE) | 1.0000 | ||||
| Tobin's Q | 0.5163 | 1.0000 | |||
| ESG rating | 0.0660 | 0.0790 | 1.0000 | ||
| Debt-to-equity ratio (DOT) | 0.1269 | 0.0457 | 0.1002 | 1.0000 | |
| Company size (Size) | −0.2986 | −0.4579 | 0.0363 | −0.0646 | 1.0000 |
| Variable | Return-on-capital- | Tobin's Q | ESG | Debt-to-equity | Company |
|---|---|---|---|---|---|
| Return-on-capital-employed (ROCE) | 1.0000 | ||||
| Tobin's Q | 0.5163 | 1.0000 | |||
| ESG rating | 0.0660 | 0.0790 | 1.0000 | ||
| Debt-to-equity ratio (DOT) | 0.1269 | 0.0457 | 0.1002 | 1.0000 | |
| Company size (Size) | −0.2986 | −0.4579 | 0.0363 | −0.0646 | 1.0000 |