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Table 2 Linear correlations of the variables used. The sample period runs from 2008 to 2014

From: Empirical study on relationship between corporate social responsibility and financial performance in Korea

  EDS SDS GDS ROE MBR Stock Return Leverage Asset size
EDS 1        
SDS 0.8445 1       
GDS 0.8321 0.8435 1      
ROE 0.0307 0.0655 0.0858 1     
MBR 0.1610 0.2114 0.1642 0.1461 1    
Stock Return 0.0164 0.0226 0.004 0.1556 0.0565 1   
Leverage 0.1232 0.1075 0.163 -0.2868 -0.1164 -0.0353 1  
Asset size 0.6339 0.5651 0.6334 0.0364 -0.147 -0.0847 0.3182 1
  1. The variables are EDS environmental disclosure score, SDS social disclosure score, GDS governance disclosure score, ROE return on equity, MBR market-to-book ratio implying Tobin q, Stock Return annual stock market return, Leverage leverage ratio as proxy for risk, Log (Asset size) log value of asset size
  2. Data source: Bloomberg