Table 3 Correlation matrix Variables ROE... | Emerald Publishing

Table 3

Correlation matrix

Variables	ROE	SDG_Disclosure	ESG_Combined_Score	Size	ENV_SENSITIVE	Market_Cap	Leverage	Assets_Turnover	FTSE_MIB
ROE	1.0000
SDG_Disclosure	0.1216	1.0000

p-value	0.4900
ESG_Combined_Score	−0.0437	0.2232**	1.0000
p-value	0.5628	0.0026
Size	−0.1744**	0.3781***	0.2339***	1.0000
p-value	0.0199	0.0000	0.0016
ENV_SENSITIVE	−0.0346	0.1756**	−0.0708	0.2427***	1.0000
p-value	0.6464	0.0184	0.3452	0.0010
Market_Cap	−0.4024***	0.0044	−0.0793	0.1488**	0.1665**	1.0000
p-value	0.0000	0.9531	0.2900	0.0461	0.0255
Leverage	0.0659	−0.0327	−0.1636**	−0.1788**	0.1130	0.1028	1.0000
p-Value	0.3904	0.6684	0.0310	0.0182	0.1377	0.1773
Assets_Turnover	−0.0279	0.0142	−0.2300***	−0.1319*	0.0145	0.1848**	0.3743***	1.0000
p-value	0.7149	0.8520	0.0021	0.0809	0.8487	0.0141	0.0000
FTSE_MIB	−0.0171	0.1597**	0.1692**	0.6418***	0.0885	0.1823**	−0.2514***	−0.2325***	1.0000
p-value	0.8208	0.0322	0.0231	0.0000	0.2372	0.0143	0.0008	0.0019

Variables	ROE	SDG_Disclosure	ESG_Combined_Score	Size	ENV_SENSITIVE	Market_Cap	Leverage	Assets_Turnover	FTSE_MIB
ROE	1.0000
SDG_Disclosure	0.1216	1.0000

p-value	0.4900
ESG_Combined_Score	−0.0437	0.2232**	1.0000
p-value	0.5628	0.0026
Size	−0.1744**	0.3781***	0.2339***	1.0000
p-value	0.0199	0.0000	0.0016
ENV_SENSITIVE	−0.0346	0.1756**	−0.0708	0.2427***	1.0000
p-value	0.6464	0.0184	0.3452	0.0010
Market_Cap	−0.4024***	0.0044	−0.0793	0.1488**	0.1665**	1.0000
p-value	0.0000	0.9531	0.2900	0.0461	0.0255
Leverage	0.0659	−0.0327	−0.1636**	−0.1788**	0.1130	0.1028	1.0000
p-Value	0.3904	0.6684	0.0310	0.0182	0.1377	0.1773
Assets_Turnover	−0.0279	0.0142	−0.2300***	−0.1319*	0.0145	0.1848**	0.3743***	1.0000
p-value	0.7149	0.8520	0.0021	0.0809	0.8487	0.0141	0.0000
FTSE_MIB	−0.0171	0.1597**	0.1692**	0.6418***	0.0885	0.1823**	−0.2514***	−0.2325***	1.0000
p-value	0.8208	0.0322	0.0231	0.0000	0.2372	0.0143	0.0008	0.0019

Notes:

*,**,***indicate a significance degree between 0.10 and 0.05, 0.05 and 0.01, and 0.01 and 0, respectively

Source: Author's own work