TABLE 4

Correlation Matrix

Variable123456
1 Market Share1.0000
2 Total CSR.29851.0000
3 Advertising Intensity.2636.23831.0000
4 Leverage−.2414−.0629−.04151.0000
5 R&D Intensity.7435.1466−.0230−.20341.0000
6 Economic Growth−.0409.0476.0052.0090−.04291.0000
  • Note: CSR = corporate social responsibility; R&D = research and development.