The Influence of Academic Independent Directors and Confucianism on Carbon Information Disclosure: Evidence from China

Table 4

Correlation analysis.

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)
(1) CID	1
(2) ACARATIO	0.056	1
(3) SIZE	0.256	−0.080	1
(4) LEV	0.140	0.006	0.286	1
(5) ROE	0.024	0.004	0.009	−0.115	1
(6) AGE	−0.080	0.043	−0.116	0.102	−0.022	1
(7) BOARDSIZE	0.081	−0.084	0.105	0.099	−0.035	0.026	1
(8) HIGH_CARBON	0.119	−0.094	0.203	0.091	−0.039	0.026	0.262	1
(9) VERIFICATION	0.252	0.051	0.129	0.039	0.013	−0.036	0.017	0.021	1
(10) CONCENTRATION	0.122	−0.008	0.176	0.072	0.004	−0.134	0.072	0.162	0.077	1
(11) CONF_R200	0.082	0.087	−0.090	−0.033	0.034	0.111	−0.089	−0.035	0.037	−0.001	1
(12) CONF_R220	0.079	0.106	−0.123	−0.02	0.035	0.145	−0.114	−0.052	0.042	0.011	0.940	1
(13) CONF_R240	0.083	0.098	−0.109	−0.019	0.039	0.120	−0.107	−0.044	0.039	−0.006	0.892	0.954	1
(14) CONF_R260	0.083	0.082	−0.106	−0.03	0.040	0.112	−0.106	−0.022	0.051	−0.003	0.872	0.928	0.977	1
(15) CONF_R280	0.075	0.090	−0.096	−0.049	0.044	0.106	−0.101	−0.026	0.041	−0.006	0.842	0.898	0.945	0.971	1
(16) CONF_R300	0.039	0.093	−0.096	−0.062	0.045	0.097	−0.101	−0.027	0.046	−0.005	0.811	0.860	0.905	0.934	0.957	1

Notes. .