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Table 4 Correlations between variables

From: The effects of corporate governance on environmental sustainability reporting: empirical evidence from South Asian countries

Variable

 

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

ESRPSCORE

(1)

1

0.096

0.042

−0.084

−0.019

0.292

−0.036

0.013

0.145

0.168

0.1333

0.154

0.083

−0.137

(0.081)

(0.440)

(0.128)

(0.727)

(<.001)

(0.513)

(0.804)

(0.008)

(0.002)

(0.016)

(0.005)

(0.130)

(0.013)

FOROWN

(2)

 

1

0.028

−0.186

−0.451

0.430

0.224

0.025

0.139

−0.010

0.427

0.141

0.077

−0.033

 

(0.604)

(<.001)

(<.001)

(<.001)

(<.001)

(0.659)

(0.012)

(0.860)

(<.001)

(0.011)

(0.168)

(0.548)

INSTOWN

(3)

  

1

0.195

−0.257

0.164

0.258

−0.417

−0.082

− 0.139

0.216

0.023

−0.002

− 0.131

  

(<.001)

(<.001)

(0.003)

(<.001)

(<.001)

(0.139)

(0.012)

(<.001)

(0.680)

(0.975)

(0.018)

DIROWN

(4)

   

1

−0.026

−0.143

−0.216

0.050

0.015

0.051

−0.171

0.019

−0.029

−0.124

   

(0.635)

(0.010)

(<.001)

(0.364)

(0.790)

(0.358)

(0.002)

(0.736)

(0.598)

(0.025)

FAMOWN

(5)

    

1

−0.085

−0.127

−0.103

−0.028

0.010

−0.111

− 0.037

0.033

0.021

    

(0.125)

(0.022)

(0.063)

(0.610)

(0.856)

(0.045)

(0.508)

(0.558)

(0.712)

BDIND

(6)

     

1

0.362

0.517

0.030

0.028

0.480

0.035

0.135

−0.103

     

(<.001)

(<.001)

(0.585)

(0.611)

(<.001)

(0.523)

(0.015)

(0.064)

BDFEM

(7)

      

1

0.372

−0.049

−0.120

0.305

0.023

0.110

0.104

      

(<.001)

(0.381)

(0.030)

(<.001)

(0.684)

(0.048)

(0.060)

BDSIDE

(8)

       

1

0.196

−0.014

0.346

0.026

0.092

−0.140

       

(<.001)

(0.806)

(<.001)

(0.634)

(0.099)

(0.011)

SUSCOMM

(9)

        

1

−0.280

0.215

0.036

0.086

−0.097

         

(<.001)

(<.001)

(0.513)

(0.120)

(0.080)

GRI_LEVEL

(10)

         

1

−0.127

−0.131

0.075

−0.078

         

(0.022)

(0.018)

(0.179)

(0.160)

FSIZE

(11)

          

1

0.480

0.393

−0.197

          

(<.001)

(<.001)

(<.001)

M/B

(12)

           

1

0.437

−0.165

           

(<.001)

(0.003)

ROA

(13)

            

1

−0.449

            

(<.001)

LEV

(14)

             

1

  1. Note: Numbers in parentheses are p-values
  2. Refer to Table 3 for definitions of variables