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Table 7 Correlation coefficient table

From: Chinese shareholders’ reaction to the disclosure of environmental violations: a CSR perspective

  Mean Std.err. CARi Trend Media- Att Pre-Poll-ution Pre-CSR Market Industry Size Ownership ROE PE
CARi −0.914 0.395 1           
Trend 5.252 0.253 0.027
(0.741)
1          
Media-Att 812.080 21.982 0.142
(0.082)
−0.491
(0.000)
1         
Pre-Pollution 0.419 0.020 −0.048
(0.557)
0.100
(0.223)
−0.177
(0.030)
1        
Pre-CSR 9.844 0.069 0.122
(0.137)
−0.317
(0.000)
0.091
(0.268)
0.503
(0.000)
1       
Market 0.702 0.037 −0.026
(0.753)
−0.083
(0.314)
−0.016
(0.845)
0.087
(0.288)
0.246
(0.002)
1      
Industry 7.652 1.089 −0.166
(0.041)
0.133
(0.105)
−0.126
(0.123)
0.329
(0.000)
0.214
(0.009)
−0.025
(0.765)
1     
Size 36.473 17.641 0.161
(0.048)
0.100
(0.222)
0.083
(0.309)
−0.035
(0.665)
−0.093
(0.255)
0.053
(0.521)
0.016
(0.845)
1    
Ownership 0.437 0.041 0.091
(0.267)
0.002
(0.984)
−0.086
(0.295)
−0.165
(0.043)
−0.242
(0.003)
0.020
(0.812)
−0.019
(0.815)
−0.070
(0.395)
1   
ROE 0.205 0.033 −0.070
(0.392)
−0.152
(0.062)
0.101
(0.219)
0.124
(0.129)
0.298
(0.000)
0.044
(0.588)
0.016
(0.847)
0.103
(0.209)
−0.117 (0.151) 1  
PE 0.397 0.040 0.114
(0.163)
−0.415
(0.000)
0.079
(0.335)
0.159
(0.052)
0.545
(0.000)
0.204
(0.012)
0.048
(0.560)
−0.080
(0.330)
−0.279
(0.001)
0.291
(0.000)
1