Research Article
Effects of Corporate Social Responsibility and Governance on Its Credit Ratings
Table 6
Pearson correlation between variables.
| | CFR | CSR | CGI | ΔASST | ΔREC | ΔINV | ΔROA | ΔDEBT |
| CFR | 1 | | | | | | | | CSR | 0.060*** | 1 | | | | | | | CGI | 0.180*** | 0.195*** | 1 | | | | | | ΔASST | 0.074*** | −0.017 | 0.007 | 1 | | | | | ΔREC | −0.003 | −0.023 | 0.069*** | −0.008 | 1 | | | | ΔINV | −0.009 | −0.015 | 0.038 | 0.02 | 0.053 | 1 | | | ΔROA | 0.016 | 0.036* | 0.024 | −0.004 | 0.016 | 0.012 | 1 | | ΔDEBT | −0.007** | −0.012 | −0.006 | 0.01 | 0.05 | 0.024 | −0.014 | 1 |
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< 0.05, < 0.01, and < 0.001.
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