Table 4 Correlation matrix Environmental... | Emerald Publishing

Table 4

Correlation matrix

	Environmental disclosure	Board size	Board independence	Role duality	Board meeting	Board gender diversity	Audit committee size	Audit committee independence	Firm profitability	Firm age	Firm size	Board specific skills
Environmental disclosure		0.386	0.322	−0.066	0.049	0.314	−0.126	0.123	−0.177	0.197	0.491	−0.156
Board size	0.207		0.179	−0.036	−0.026	0.123	0.005	0.044	−0.278	−0.044	0.664	−0.128
Board independence	0.311	0.299		−0.188	0.006	0.070	−0.222	−0.064	−0.078	0.063	0.181	−0.354
Role duality	−0.043	0.079	0.064		−0.057	−0.052	0.360	0.054	0.044	−0.139	−0.121	0.128
Board meeting	0.126	0.144	0.061	−0.043		−0.099	−0.135	−0.044	−0.048	0.144	0.057	−0.009
Board gender diversity	0.387	0.118	0.230	0.033	0.055		−0.113	0.039	0.038	0.012	0.163	−0.106
Audit committee size	−0.206	−0.147	−0.227	0.109	−0.239	−0.165		−0.0134	0.089	−0.135	−0.103	0.017
Audit committee independence	0.069	0.109	0.060	−0.013	−0.102	−0.027	0.0648		0.065	−0.042	0.153	0.109
Firm profitability	−0.012	−0.137	−0.146	0.006	−0.211	−0.049	0.128	−0.015		0.016	−0.405	−0.048
Firm age	0.009	0.004	0.013	0.049	0.029	−0.036	0.006	0.019	0.036		−0.039	−0.122
Firm size	0.205	0.235	0.193	0.103	0.039	0.091	−0.150	0.143	−0.387	0.005		−0.065
Board specific skills	−0.075	−0.278	−0.253	−0.033	0.004	−0.093	0.083	−0.087	0.013	−0.059	−0.143

	Environmental disclosure	Board size	Board independence	Role duality	Board meeting	Board gender diversity	Audit committee size	Audit committee independence	Firm profitability	Firm age	Firm size	Board specific skills
Environmental disclosure		0.386	0.322	−0.066	0.049	0.314	−0.126	0.123	−0.177	0.197	0.491	−0.156
Board size	0.207		0.179	−0.036	−0.026	0.123	0.005	0.044	−0.278	−0.044	0.664	−0.128
Board independence	0.311	0.299		−0.188	0.006	0.070	−0.222	−0.064	−0.078	0.063	0.181	−0.354
Role duality	−0.043	0.079	0.064		−0.057	−0.052	0.360	0.054	0.044	−0.139	−0.121	0.128
Board meeting	0.126	0.144	0.061	−0.043		−0.099	−0.135	−0.044	−0.048	0.144	0.057	−0.009
Board gender diversity	0.387	0.118	0.230	0.033	0.055		−0.113	0.039	0.038	0.012	0.163	−0.106
Audit committee size	−0.206	−0.147	−0.227	0.109	−0.239	−0.165		−0.0134	0.089	−0.135	−0.103	0.017
Audit committee independence	0.069	0.109	0.060	−0.013	−0.102	−0.027	0.0648		0.065	−0.042	0.153	0.109
Firm profitability	−0.012	−0.137	−0.146	0.006	−0.211	−0.049	0.128	−0.015		0.016	−0.405	−0.048
Firm age	0.009	0.004	0.013	0.049	0.029	−0.036	0.006	0.019	0.036		−0.039	−0.122
Firm size	0.205	0.235	0.193	0.103	0.039	0.091	−0.150	0.143	−0.387	0.005		−0.065
Board specific skills	−0.075	−0.278	−0.253	−0.033	0.004	−0.093	0.083	−0.087	0.013	−0.059	−0.143

Notes:

Lower-triangular cells report correlation coefficients for S&P 500 firms, upper-triangular cells depict coefficients for FTSE 350 firms

Source: Created by the authors