Table 2 Pearson correlation matrix.

From: Does corporate digitalization promote labor investment efficiency? Evidence from Chinese listed companies

  

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

Ablabor

(1)

1

       

Digital1

(2)

−0.106***

1

      

Digital2

(3)

−0.065***

0.781***

1

     

Mtb

(4)

0.071***

0.059***

0.086***

1

    

Size

(5)

−0.080***

0.174***

0.027***

−0.395***

1

   

Quick

(6)

−0.015**

0.144***

0.129***

0.283***

−0.254***

1

  

Lev

(7)

0.026***

−0.154***

−0.143***

−0.305***

0.380***

−0.647***

1

 

Divd

(8)

−0.085***

0.158***

0.081***

−0.046***

0.236***

0.131***

−0.189***

1

Sdcfo

(9)

−0.031***

0.055***

−0.038***

−0.211***

0.736***

−0.178***

0.318***

0.103***

Sdsale

(10)

−0.038***

0.103***

0.017***

−0.193***

0.675***

−0.162***

0.297***

0.102***

Tangib

(11)

−0.060***

−0.278***

−0.263***

−0.120***

0.014**

−0.193***

0.056***

−0.076***

Loss

(12)

0.056***

−0.045***

−0.020***

0.004

−0.107***

−0.085***

0.149***

−0.444***

Inst

(13)

0

−0.176***

−0.183***

−0.102***

0.357***

−0.157***

0.196***

0.098***

Sdhire

(14)

0.047***

0.001

−0.006

−0.021***

0.098***

−0.042***

0.071***

−0.023***

Labor

(15)

−0.056***

−0.118***

−0.043***

0.113***

−0.354***

−0.032***

−0.067***

−0.096***

Abinv

(16)

0.038***

−0.120***

−0.075***

0.036***

−0.093***

−0.007

0.001

−0.066***

  

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

Sdcfo

(9)

1

       

Sdsale

(10)

0.770***

1

      

Tangib

(11)

−0.001

0.007

1

     

Loss

(12)

−0.047***

−0.052***

0.063***

1

    

Inst

(13)

0.319***

0.310***

0.159***

−0.096***

1

   

Sdhire

(14)

0.074***

0.099***

−0.060***

−0.013**

0.078***

1

  

Labor

(15)

−0.231***

−0.151***

0.183***

0.043***

0.011*

−0.004

1

 

Abinv

(16)

−0.066***

−0.050***

0.184***

0.039***

0.050***

−0.018***

0.071***

1

  1. *, ** and *** denote significance at the 10%, 5% and 1% level, respectively.
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