esg

esgenv

esgsoc

esggov

did

Size

Lev

ROA

ATO

Cashflow

Indep

Top1

SOE

FirmAge

esg

1

esgenv

0.914***

1

esgsoc

0.822***

0.584***

1

esggov

0.551***

0.364***

0.360***

1

did

0.206***

0.192***

0.110***

0.099***

1

Size

0.444***

0.385***

0.341***

0.379***

0.111***

1

Lev

0.147***

0.096***

0.100***

0.181***

−0.025**

0.528***

1

ROA

−0.028***

0.0160

0.00700

−0.059***

0.00400

−0.097***

−0.447***

1

ATO

0.051***

0.066***

0.055***

0.00900

−0.0130

−0.00200

0.090***

0.186***

1

Cashflow

0.077***

0.094***

0.042***

0.020**

0.102***

−0.0150

−0.234***

0.452***

0.131***

1

Indep

0.049***

0.057***

0.039***

0.043***

0.00700

0.086***

0.019*

0.00800

−0.0120

0.0150

1

Top1

0.100***

0.109***

0.069***

0.137***

−0.024**

0.234***

0.087***

0.077***

0.070***

0.064***

0.074***

1

SOE

0.204***

0.128***

0.153***

0.243***

−0.00600

0.286***

0.218***

−0.162***

0.0100

−0.050***

−0.00100

0.308***

1

FirmAge

0.169***

0.077***

0.086***

0.166***

0.223***

0.154***

0.148***

−0.104***

−0.080***

0.027***

−0.051***

−0.149***

0.105***

1