Table 3 Correlation matrix of the wind 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

0.198*

1

       

HCE

−0.124

0.109

1

      

SCE

−0.084

−0.154*

0.102

1

     

RCE

0.400**

0.246**

0.025

−0.441**

1

    

CEE

0.397**

−0.080

0.140

−0.017

0.271**

1

   

MVAIC

−0.050

0.098

1.000**

0.122

0.024

0.153*

1

  

Size

0.803**

0.005

−0.173*

−0.043

0.240**

0.029

−0.108

1

 

Leverage

0.205**

−0.491**

−0.018

0.161*

−0.149

0.298**

−0.027

0.008

1

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