Table 3 Correlation matrix Variables VIF... | Emerald Publishing

Table 3

Correlation matrix

Variables	VIF	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)
LAWSUIT		1.000
RMC	1.04	−0.019*	1.000
AC	1.00	0.003	0.006	1.000
BSIZE	1.51	−0.042*	0.096*	0.014	1.000
BIND	1.34	0.007	0.003	−0.000	−0.462*	1.000
DUAL	1.10	−0.001	−0.059*	−0.017	−0.152*	0.084*	1.000
BTM	1.48	−0.037*	0.065*	0.043*	0.164*	−0.005	−0.062*	1.000
ROA	2.06	−0.206*	−0.049*	−0.018*	0.011	−0.030*	0.039*	−0.157*	1.000
SIZE	2.05	−0.057*	0.142*	0.044*	0.278*	0.039*	−0.165*	0.533*	−0.014	1.000
LOSS	1.78	0.183*	0.014	0.011	−0.036*	0.015	−0.009	−0.025*	−0.550*	−0.074*	1.000
DEBT	1.58	0.154*	0.141*	0.028*	0.150*	0.011	−0.135*	0.295*	−0.375*	0.466*	0.196*	1.000
FCS	1.04	0.074*	−0.027*	0.027*	−0.016	−0.023*	−0.084*	0.052*	−0.062*	0.052*	0.046*	0.079*	1.000
BIG4	1.12	−0.030*	0.102*	0.014	0.126*	0.044*	−0.045*	0.124*	−0.000	0.292*	−0.026*	0.099*	−0.085*	1.000
SOE	1.29	0.002	0.141*	0.037*	0.275*	−0.036*	−0.266*	0.206*	−0.080*	0.361*	0.009	0.289*	0.105*	0.128*	1.000
RD	1.06	−0.014*	0.086*	0.039*	0.028*	−0.006	−0.042*	0.125*	−0.174*	0.082*	0.153*	0.148*	0.059*	0.033*	0.067*	1.000

Variables	VIF	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)
LAWSUIT		1.000
RMC	1.04	−0.019*	1.000
AC	1.00	0.003	0.006	1.000
BSIZE	1.51	−0.042*	0.096*	0.014	1.000
BIND	1.34	0.007	0.003	−0.000	−0.462*	1.000
DUAL	1.10	−0.001	−0.059*	−0.017	−0.152*	0.084*	1.000
BTM	1.48	−0.037*	0.065*	0.043*	0.164*	−0.005	−0.062*	1.000
ROA	2.06	−0.206*	−0.049*	−0.018*	0.011	−0.030*	0.039*	−0.157*	1.000
SIZE	2.05	−0.057*	0.142*	0.044*	0.278*	0.039*	−0.165*	0.533*	−0.014	1.000
LOSS	1.78	0.183*	0.014	0.011	−0.036*	0.015	−0.009	−0.025*	−0.550*	−0.074*	1.000
DEBT	1.58	0.154*	0.141*	0.028*	0.150*	0.011	−0.135*	0.295*	−0.375*	0.466*	0.196*	1.000
FCS	1.04	0.074*	−0.027*	0.027*	−0.016	−0.023*	−0.084*	0.052*	−0.062*	0.052*	0.046*	0.079*	1.000
BIG4	1.12	−0.030*	0.102*	0.014	0.126*	0.044*	−0.045*	0.124*	−0.000	0.292*	−0.026*	0.099*	−0.085*	1.000
SOE	1.29	0.002	0.141*	0.037*	0.275*	−0.036*	−0.266*	0.206*	−0.080*	0.361*	0.009	0.289*	0.105*	0.128*	1.000
RD	1.06	−0.014*	0.086*	0.039*	0.028*	−0.006	−0.042*	0.125*	−0.174*	0.082*	0.153*	0.148*	0.059*	0.033*	0.067*	1.000

Note(s): This table presents the correlation analysis. * shows significance at the 0.01 level. All variables are defined in Appendix