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Table 3 Spearman correlation matrix analysis

From: Influence of board mechanisms on sustainability performance for listed firms in Sub-Saharan Africa

 

EVSPID

SOSPID

ECSPID

CSPID

BSIZ

BID

BGH

BEGS

TEN

FRD

BCMT

BLD

FBM

CEOP

EVSPID

1.0000

             

SOSPID

0.0617***

1.0000

            

ECSPID

0.0676***

0.0381***

1.0000

           

CSPID

0.0938***

0.1853***

0.0783***

1.0000

          

BSIZ

0.2567***

0.2661***

0.0871**

0.0681***

1.0000

         

BID

0.2213***

0.1508***

0.0213

0.1787***

0.6188***

1.0000

        

BGH

0.1185***

0.2248***

0.0379

0.1553***

0.3152***

0.2545***

1.0000

       

BEGS

0.1087***

− 0.116**

− 0.0755

0.0045**

0.1418***

0.0881**

0.1278

1.0000

      

TEN

0.1189***

0.1298***

0.1915***

0.1789***

0.1015***

0.0576

0.0421

0.0009

1.0000

     

FRD

0.1938***

0.2155***

0.1583***

0.2158***

0.0741**

− 0.0389

0.0303

0.0110

− 0.0550

1.0000

    

BCMT

0.3818***

0.3760***

0.1545***

0.3944***

0.4755***

0.4476***

0.2013***

− 0.0199

− 0.0151

0.1291**

1.0000

   

BLDU

− 0.0278

− 0.0717*

− 0.1117***

− 0.0653*

− 0.0650*

− 0.225***

0.0566

0.0266

0.0952**

0.0696*

− 0.1712

1.0000

  

FBM

0.2123***

0.1289***

0.1201***

0.2028***

0.1569***

0.1880***

− 0.0303

0.2123***

0.0701*

0.0537

0.2726***

− 0.0899

1.0000

 

CEOP

0.1008***

0.0368

0.0902**

0.0947**

0.0706*

0.0247

− 0.0469

− 0.0720*

0.3300***

0.0280

− 0.0292

0.0294

0.0384

1.0000

TA

− 0.2146***

− 0.1274***

− 0.0317

− 0.1847***

− 0.1345***

− 0.1423**

0.0482

− 0.1154

0.0031

− 0.1561***

− 0.1894***

0.1187***

− 0.2143**

− 0.1063***

LEV

− 0.0247

0.0427

− 0.0907***

0.0027

0.1820***

0.0725*

0.1290***

− 0.0170

− 0.1566***

0.0037

0.3254***

0.1819***

− 0.0429

− 0.0531

LIQ

0.1037***

0.0781**

0.1007***

0.0935**

− 0.1235***

− 0.1112***

− 0.0839**

0.0024

0.2239***

0.0744**

− 0.0846***

− 0.0964**

0.0537

0.0472

FAGE

0.2568***

0.1779***

0.0540

0.2187***

0.0294

0.0752**

0.1785***

− 0.0860**

0.0078

0.2187***

0.1775***

− 0.0632

− 0.018

− 0.0913**

GDPPCI

0.1759***

0.0230

0.0831**

0.1165***

0.2623***

0.1430***

0.0793**

0.3045***

0.2045***

0.0284

0.1114***

0.0766**

0.1939***

0.1540***

 

TA

LEV

LIQ

FAGE

GDPPCI

         

TA

1.0000

             

LEV

0.1862***

1.0000

            

LIQ

− 0.1015***

− 0.464***

1.0000

           

FAGE

− 0.2970***

0.0285

0.0866***

1.0000

          

GDPPCI

− 0.0899**

− 0.1560***

0.1628***

− 0.1789***

1.0000

         
  1. ***, **, * are statistical significance at the 1%, 5% and 10% levels respectively.
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