Correlation coefficients of variables of global ESG set of companies
| Ex.Ret | d.ESG | ESG | Beta | BTM | lnMVE | |
|---|---|---|---|---|---|---|
| Ex.Ret | 1.0000 | |||||
| d.ESG | −0.253 | 1.0000 | ||||
| ESG | −0.0413 | 0.0331 | 1.0000 | |||
| Beta | −0.0180 | 0.0037 | 0.0071 | 1.0000 | ||
| BTM | −0.1071 | −0.0175 | −0.0906 | −0.0146 | 1.0000 | |
| lnMVE | 0.0283 | 0.0003 | 0.5101 | 0.0266 | −0.5489 | 1.0000 |
| Ex.Ret | d.ESG | ESG | Beta | BTM | lnMVE | |
|---|---|---|---|---|---|---|
| Ex.Ret | 1.0000 | |||||
| d.ESG | −0.253 | 1.0000 | ||||
| ESG | −0.0413 | 0.0331 | 1.0000 | |||
| Beta | −0.0180 | 0.0037 | 0.0071 | 1.0000 | ||
| BTM | −0.1071 | −0.0175 | −0.0906 | −0.0146 | 1.0000 | |
| lnMVE | 0.0283 | 0.0003 | 0.5101 | 0.0266 | −0.5489 | 1.0000 |
Source(s): Authors’ calculations
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