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 |