ESG in the boardroom: evidence from the Malaysian market

International Journal of Corporate Social Responsibility

Table 4 Correlation matrix of dependent, independent, and control variables

Correlation	ESG Disclosure	% of Independent Directors	% of women on board	# of board meetings	LOG Firm Size	Debt to Equity	ROA
ESG Disclosure	1.000
% of Independent Directors	0.3265^**	1.000
% of women on board	0.3469^**	0.1216^**	1.000
# of board meetings	0.1968^**	0.2268^**	0.1943^**	1.000
LOG Firm Size	0.1538^**	0.1711^**	0.1103^**	0.4904^**	1.000
Debt to Equity	0.1054^**	-0.0987^**	0.1015^**	0.1144^**	0.2680^**	1.000
ROA	0.0867^**	-0.1007^**	-0.0502	-0.2750^**	-0.3897^**	-0.0360	1.000