Table 3.

Correlation matrix

Variables1234567
1. CE_disclosure1      
2. Education0.303*1     
3. Experience0.1130.656*1    
4. Sector membership0.0870.340*0.2201   
5. Language0.126−0.015−0.120−0.377*1  
6. Diversity0.0260.1840.1560.082−0.1131 
7. Total_Revenue0.369*0.427*0.545*0.1600.1150.0491

Note:

*p < 0.01.

For the definition of the variables, see Table 1 

Source: Created by authors

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