Table 3 Correlation coefficient.
From: The impact of common institutional ownership on green innovation of China’s energy firms
Greenpat | Coz1 | Coz2 | Coz3 | GreenCoz1 | GreenCoz2 | GreenCoz3 | Size | Age | Lev | Cashflow | Growth | Dual | Indep | Board | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Greenpat | 1 | ||||||||||||||
Coz1 | 0.305 | 1 | |||||||||||||
Coz2 | 0.319 | 0.956 | 1 | ||||||||||||
Coz3 | 0.270 | 0.780 | 0.859 | 1 | |||||||||||
GreenCoz1 | 0.097 | 0.450 | 0.461 | 0.375 | 1 | ||||||||||
GreenCoz2 | 0.105 | 0.442 | 0.463 | 0.379 | 0.984 | 1 | |||||||||
GreenCoz3 | 0.088 | 0.366 | 0.384 | 0.436 | 0.813 | 0.838 | 1 | ||||||||
Size | 0.478 | 0.403 | 0.415 | 0.376 | 0.083 | 0.083 | 0.110 | 1 | |||||||
Age | 0.060 | 0.119 | 0.120 | 0.120 | 0.050 | 0.049 | 0.005 | 0.071 | 1 | ||||||
Lev | 0.263 | 0.220 | 0.242 | 0.217 | 0.086 | 0.098 | 0.079 | 0.419 | 0.161 | 1 | |||||
Cashflow | 0.054 | 0.204 | 0.205 | 0.196 | 0.081 | 0.077 | 0.093 | 0.247 | 0.097 | 0.011 | 1 | ||||
Growth | 0.011 | −0.034 | −0.034 | −0.057 | −0.034 | −0.035 | −0.034 | −0.008 | −0.087 | 0.031 | −0.016 | 1 | |||
Dual | 0.012 | −0.110 | −0.107 | −0.112 | −0.089 | −0.089 | −0.069 | −0.125 | −0.114 | −0.098 | −0.101 | 0.089 | 1 | ||
Indep | 0.020 | 0.010 | 0.004 | 0.002 | 0.074 | 0.075 | 0.124 | −0.017 | 0.056 | −0.051 | 0.015 | −0.006 | 0.167 | 1 | |
Board | 0.116 | 0.176 | 0.214 | 0.216 | 0.024 | 0.045 | 0.014 | 0.263 | 0.037 | 0.215 | 0.126 | −0.067 | −0.280 | −0.503 | 1 |