The Relationship between Corporate Social Responsibility and Firm Value of Chinese Firms: Exploring from Degree of Internationalization

Table 2

Pearson correlation matrix.

Variables	Tobin’s Q	Board Size	Firm Size	Leverage	R&D	Subsidiaries	CSR	DOI
Tobin’s Q	1
Board size	−0.115	1
Firm size	−0.498	0.175	1
Leverage	−0.562	0.099	0.546	1
R&D	−0.200	0.005	0.554	0.266	1
Subsidiaries	−0.204	−0.002	0.521	0.233	0.378	1
CSR	−0.023	0.057	0.066	−0.056	−0.022	−0.058	1
DOI	0.069	−0.027	−0.143	−0.074	−0.044	−0.077	0.010	1

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