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Does Firm Size Influence the Relationship Between CSR and Capital Structure?

Table 2: The correlation matrix

Variable Mean S.D. 1 2 3 4 5 6
1. Capital structure (LEV) 0.22 0.16 1.00
2. Corporate governance performance (GPS) 48.92 22.96 0.03 1.00
3. Social performance (SPS) 45.25 26.21 0.01 0.47* 1.00
4. Return on asset (ROA) 0.10 0.08 -0.35* 0.01 0.03* 1.00
5. Tangible asset (TA) 0.58 0.20 0.34* -0.01 0.08* -0.16* 1.00
6. Firm size (SIZE) 22.23 1.32 0.26* 0.10* 0.24* -0.29* 0.33* 1.00
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