Table 2 Correlation of the main variables.

From: The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China

 

WkRtn%

Logcovid19

CSR

StrategicCSR

ResponsiveCSR

Size

Leverage

ROA

MtB

Age

SOE

Cash

Growth

WkRtn%

1

            

Logcovid19

−0.119***

1

           

CSR

0.007**

0.001

1

          

StrategicCSR

−0.012***

0.001

0.617***

1

         

ResponsiveCSR

0.022***

0.000

0.566***

−0.279***

1

        

Size

−0.020***

0.001

0.377***

0.468***

−0.028***

1

       

Leverage

−0.010*

0.000

0.010*

0.043***

−0.032***

0.105***

1

      

ROA

0.011**

−0.001

0.043***

0.022***

0.028***

0.067***

−0.898***

1

     

MtB

0.007

0.001

−0.090***

−0.114***

0.008

−0.425***

0.033***

−0.105***

1

    

Age

0.004

0.000

0.174***

0.291***

−0.091***

0.376***

0.145***

−0.063***

−0.032***

1

   

SOE

−0.010*

0.000

0.181***

0.297***

−0.092***

0.390***

0.056***

0.019***

−0.149***

0.424***

1

  

Cash

0.007

−0.001

0.069***

0.035***

0.049***

0.077***

−0.229***

0.255***

0.025***

−0.123***

−0.053***

1

 

Growth

0.014**

0.000

0.035***

−0.012**

0.054***

0.041***

−0.066***

0.195***

0.045***

−0.140***

−0.002

0.099***

1

  1. Note: ***, **, and * denote significance levels at 1, 5, and 10%, respectively.
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