GI

CSR

LnAge

Law

LnNstaff

Debts

Tobinq

Sale

Liquidity

SOE

GI

1

CSR

0.173***

1

LnAge

−0.014

0.043*

1

Law

0.060***

0.156***

0.027

1

LnNstaff

0.110***

0.329***

−0.031

−0.012

1

Debts

0.088***

0.155***

0.136***

−0.059***

0.344***

1

Tobinq

−0.061***

−0.132***

−0.142***

0.044**

−0.371***

−0.564***

1

Sale

0.025

−0.045**

0.008

−0.001

−0.133***

−0.038*

0.090***

1

Liquidity

0.037*

−0.203***

−0.139***

0.052**

−0.241***

−0.177***

0.248***

0.127***

1

SOE

0.054**

0.133***

0.155***

−0.128***

0.295***

0.298***

−0.261***

−0.024

−0.117***

1