CEO Media Exposure and Green Technological Innovation Decision: Evidence from Chinese Polluting Firms

Table 4

Descriptive correlations.

Variable	1	2	3	4	5	6	7	8	9	10	11	12	13
Green invention	1
Green utility	0.590	1
CEO exposure	0.092	0.087	1
State	0.071	0.138	−0.225	1
Rule	0.020	0.029	0.036	0	1
Firm size	0.271	0.258	0.030	0.213	0.126	1
Leverage	0.102	0.101	−0.152	0.262	0.007	0.477	1
ROA	−0.048	−0.042	0.164	−0.180	−0.046	−0.128	−0.499	1
Cash holding	−0.087	−0.077	0.142	−0.206	−0.078	−0.231	−0.478	0.177	1
R&D	0.224	0.198	0.147	0.022	0.131	0.511	0.082	0.060	−0.156	1
Subsidy	0.185	0.141	0.037	0.081	0.098	0.542	0.279	−0.018	−0.176	0.320	1
Top hold	0.058	0.097	−0.115	0.101	−0.050	0.257	0.062	−0.0030	−0.0080	0.124	0.081	1
TMT size	0.093	0.061	0.067	0.093	0.057	0.251	0.142	−0.056	−0.038	0.125	0.184	−0.046	1
CEO duality	−0.081	−0.073	0.345	−0.214	−0.018	−0.186	−0.138	0.042	0.169	−0.027	−0.093	−0.105	−0.041

; ; .