ESG

INVH

INVW

ROA

EPS

TOBINQ

LEV

SIZE

MB

SOE

DDBL

POWER

TOPSQ

ESG

1.000

0.239^***

0.131^***

0.140^***

0.253^***

−0.174^***

0.089^***

0.356^***

0.174^***

0.262^***

−0.007

−0.110^***

0.189^***

INVH

0.238^***

1.000

0.339^***

0.078^***

0.201^***

−0.034^***

0.146^***

0.302^***

0.034^***

0.346^***

−0.048^***

−0.173^***

0.808^***

INVW

0.129^***

0.336^***

1.000

0.015^**

0.047^***

0.005

0.053^***

0.096^***

−0.005

0.182^***

−0.012^*

−0.092^***

0.279^***

ROA

0.176^***

0.111^***

0.037^***

1.000

0.842^***

0.248^***

−0.371^***

0.024^***

−0.248^***

−0.100^***

−0.034^***

0.031^***

0.004

EPS

0.241^***

0.198^***

0.062^***

0.759^***

1.000

−0.038^***

−0.078^***

0.319^***

0.038^***

0.038^***

−0.032^***

−0.016^**

0.103^***

TOBINQ

−0.122^***

0.023^***

0.030^***

0.114^***

0.016^**

1.000

−0.419^***

−0.620^***

−1.000^***

−0.255^***

0.027^***

0.130^***

−0.066^***

LEV

0.078^***

0.141^***

0.052^***

−0.307^***

−0.095^***

−0.274^***

1.000

0.461^***

0.419^***

0.246^***

−0.012^*

−0.104^***

0.127^***

SIZE

0.374^***

0.312^***

0.095^***

0.072^***

0.295^***

−0.456^***

0.451^***

1.000

0.620^***

0.290^***

−0.008

−0.139^***

0.217^***

MB

0.179^***

0.040^***

−0.002

−0.163^***

−0.002

−0.762^***

0.402^***

0.625^***

1.000

0.255^***

−0.027^***

−0.130^***

0.066^***

SOE

0.261^***

0.343^***

0.182^***

−0.026^***

0.057^***

−0.168^***

0.246^***

0.297^***

0.258^***

1.000

−0.061^***

−0.279^***

0.336^***

DDBL

−0.008

−0.044^***

−0.010

−0.034^***

−0.023^***

0.052^***

−0.006

0.013^*

−0.024^***

−0.054^***

1.000

0.110^***

−0.010

POWER

−0.109^***

−0.172^***

−0.092^***

0.005

−0.014^**

0.084^***

−0.102^***

−0.133^***

−0.130^***

−0.279^***

0.112^***

1.000

−0.140^***

TOPSQ

0.182^***

0.732^***

0.216^***

0.069^***

0.125^***

−0.044^***

0.101^***

0.247^***

0.085^***

0.306^***

0.016^**

−0.124^***

1.000