Table 2 Correlation matrix of the solar sector companies.

From: Enhancing financial sustainability: the power of intellectual capital in India’s renewable energy industry

 

Log EBIT

ROA

HCE

SCE

RCE

CEE

MVAIC

Size

Leverage

Log EBIT

1

        

ROA

0.214**

1

       

HCE

−0.045

0.042

1

      

SCE

0.061

0.063

0.122

1

     

RCE

−0.308**

−0.177*

−0.213**

−0.492**

1

    

CEE

−0.083

0.004

0.043

0.027

0.073

1

   

MVAIC

−0.043

0.041

0.998**

0.182*

−0.236**

0.063

1

  

Size

0.918**

−0.034

−0.043

0.119

−0.306**

−0.234**

−0.037

1

 

Leverage

−0.114

−0.582**

0.050

0.072

0.113

0.358**

0.059

−0.051

1

  1. ** and * indicate significance at 1% and 5% levels, respectively.
  2. Source(s): Authors’ compilation.
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