Table 4 Correlation analysis Variables... | Emerald Publishing

Table 4

Correlation analysis

Variables	(1)	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
(1) C_ABS_AR11	1.000
(1) C_ABS_AR3		1.000
(2) ES	0.142	0.155	1.000
(3) ABSEM	−0.058	−0.071	0.053	1.000
(4) Dummy_EM	0.019	0.075	0.049	0.064	1.000
(5) ESG_Des	−0.111	−0.030	−0.003	0.182	−0.071	1.000
(6) ESG	−0.111	−0.030	−0.003	0.182	−0.071	1.000	1.000
(7) Size	−0.207	−0.083	0.104	0.249	0.095	−0.010	−0.010	1.000
(8) ROA	−0.049	0.002	0.254	−0.004	−0.122	0.274	0.274	−0.218	1.000
(9) WC	0.005	−0.005	0.043	−0.076	−0.075	−0.124	−0.124	−0.083	0.080	1.000
(10) Growth2	0.032	0.059	0.008	0.069	0.007	0.199	0.199	−0.115	0.263	−0.147	1.000
(11) sqrtCR	−0.027	−0.013	0.055	0.073	−0.084	0.198	0.198	0.030	0.122	0.593	0.021	1.000

Variables	(1)	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
(1) C_ABS_AR11	1.000
(1) C_ABS_AR3		1.000
(2) ES	0.142	0.155	1.000
(3) ABSEM	−0.058	−0.071	0.053	1.000
(4) Dummy_EM	0.019	0.075	0.049	0.064	1.000
(5) ESG_Des	−0.111	−0.030	−0.003	0.182	−0.071	1.000
(6) ESG	−0.111	−0.030	−0.003	0.182	−0.071	1.000	1.000
(7) Size	−0.207	−0.083	0.104	0.249	0.095	−0.010	−0.010	1.000
(8) ROA	−0.049	0.002	0.254	−0.004	−0.122	0.274	0.274	−0.218	1.000
(9) WC	0.005	−0.005	0.043	−0.076	−0.075	−0.124	−0.124	−0.083	0.080	1.000
(10) Growth2	0.032	0.059	0.008	0.069	0.007	0.199	0.199	−0.115	0.263	−0.147	1.000
(11) sqrtCR	−0.027	−0.013	0.055	0.073	−0.084	0.198	0.198	0.030	0.122	0.593	0.021	1.000

Source(s): Authors’ own work