Correlation matrix
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| (1) CORPREP | 1.00 | |||||||||
| (2) BOARDSIZ | 0.33*** | 1.00 | ||||||||
| (3) BOARDGEN | 0.13*** | 0.01 | 1.00 | |||||||
| (4) INDEBOARD | 0.13*** | −0.02 | 0.24*** | 1.00 | ||||||
| (5) AUDITBOARD | 0.21*** | 0.20*** | 0.07* | 0.36*** | 1.00 | |||||
| (6) ROA | 0.07* | 0.04 | −0.04 | −0.08* | −0.04 | 1.00 | ||||
| (7) LEVERAGE | −0.17*** | −0.10*** | 0.08* | −0.09** | −0.10*** | −0.52*** | 1.00 | |||
| (8) FIRMSIZE | 0.53*** | 0.34*** | −0.03 | −0.03 | 0.22*** | 0.07 | −0.23 | 1.00 | ||
| (9) CSRCOMM | 0.52*** | 0.12*** | 0.09** | 0.11** | 0.17*** | 0.05 | −0.10** | 0.36*** | 1.00 | |
| (10) GLOBALCOM | 0.47*** | 0.28*** | 0.05 | 0.09* | 0.24*** | 0.00 | −0.03 | 0.37*** | 0.31*** | 1.00 |
| (11) INDUSTRY | 0.17*** | 0.26*** | −0.04 | −0.03 | 0.04 | 0.01 | 0.07* | 0.06 | 0.04 | 0.12*** |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| (1) CORPREP | 1.00 | |||||||||
| (2) BOARDSIZ | 0.33 | 1.00 | ||||||||
| (3) BOARDGEN | 0.13 | 0.01 | 1.00 | |||||||
| (4) INDEBOARD | 0.13 | −0.02 | 0.24 | 1.00 | ||||||
| (5) AUDITBOARD | 0.21 | 0.20 | 0.07 | 0.36 | 1.00 | |||||
| (6) ROA | 0.07 | 0.04 | −0.04 | −0.08 | −0.04 | 1.00 | ||||
| (7) LEVERAGE | −0.17 | −0.10 | 0.08 | −0.09 | −0.10 | −0.52 | 1.00 | |||
| (8) FIRMSIZE | 0.53 | 0.34 | −0.03 | −0.03 | 0.22 | 0.07 | −0.23 | 1.00 | ||
| (9) CSRCOMM | 0.52 | 0.12 | 0.09 | 0.11 | 0.17 | 0.05 | −0.10 | 0.36 | 1.00 | |
| (10) GLOBALCOM | 0.47 | 0.28 | 0.05 | 0.09 | 0.24 | 0.00 | −0.03 | 0.37 | 0.31 | 1.00 |
| (11) INDUSTRY | 0.17 | 0.26 | −0.04 | −0.03 | 0.04 | 0.01 | 0.07 | 0.06 | 0.04 | 0.12 |
Notes:
***<0.01; **<0.05; *<0.10
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