Table 8 Correlation analysis of variables.
Variable name | SDI | AI | ESG | Size | Lev | AT | RG | Tobin’s Q |
|---|---|---|---|---|---|---|---|---|
SDI | 1 | Â | Â | Â | Â | Â | Â | Â |
AI | 0.072*** | 1 | Â | Â | Â | Â | Â | Â |
ESG | 0.239*** | 0.115*** | 1 | Â | Â | Â | Â | Â |
Size | 0.007 | 0.085*** | 0.201*** | 1 | Â | Â | Â | Â |
Lev | − 0.357*** | − 0.093*** | − 0.082*** | 0.51*** | 1 |  |  |  |
AT | 0.203*** | − 0.051*** | 0.044*** | 0.059*** | 0.131*** | 1 |  |  |
RG | 0.281*** | 0.007 | 0.015*** | 0.059*** | 0.033*** | 0.174*** | 1 | Â |
Tobin’s Q | 0.179*** | 0.047*** | − 0.081*** | − 0.34*** | − 0.249*** | − 0.007 | 0.073*** | 1 |