Proceedings

To see if capital structure determines the level of environmental reporting we analyze
the existence of statistical correlations between the level of environmental reporting
and the type of the capital (private capital/state capital), the origin of the capital
(Romanian capital/foreign capital) and the dispersion of shareholders (the number of
shareholders).
Table 5. The correlation coefficient between variables
The level of
environmental
reporting
Private capital/
state capital
~ 1032 ~
Romanian/fo
reign capital
Number of
shareholders
Pearson
Correlation
1 .337(*) .435(**) .184
Sig. (2-tailed) .022 .003 .226
N 46 46 46 45
Kendall's tau_b 1 .242 .353(**) .134
Sig. (2-tailed) .052 .005 .245
N 46 46 46 45
Spearman's rho 1 .289 .421(**) .175
Sig. (2-tailed) .051 .004 .250
N 46 46 46 45
* The correlation is significant for a level of the coefficient of 0.05.
** The correlation is significant for a level of the coefficient of 0.01.
(Source: calculations made by the author in SPSS)
The correlation between the dependent variable and the three independent variables
which expresses the entity’s capital structure is reflected in Table 5:
1 The Pearson’s coefficient (can range between -1 and 1) for the first
independent variable (private/state capital) is different from 0, and Si. Is