Table 8 Correlation coefficients and VIF... | Emerald Publishing

Table 8

Correlation coefficients and VIF test

Variables	INVT	TAX_PAID	ETH_SCO	ETH_COUN	WOM_BOA	CSR_IND	LEG_SYST	LEVE	POL_SECT	VIF
INVT	1									1.17
TAX_PAID	0.0818	1								1.05
ETH-SCO	0.0260	0.0783	1							1.06
ETH-COUNTRY	0.0892	0.0797	0.0634	1						1.11
WOM_ BOARD	−0.0429	−0.1086	0.0763	0.0405	1					1.42
CSR_INDEX	−0.1057	−0.0680	0.0391	−0.1072	0.1213	1				1.05
LEG_SYST	−0.0155	−0.0005	−0.1921	−0.1865	−0.4703	−0.0874	1			1.47
LEVE	−0.2621	−0.0420	−0.0283	0.0606	0.1260	0.0223	0.0124	1		1.15
POL_SECTOR	0.2649	0.1448	−0.0402	0.1578	−0.0589	−0.0086	−0.1323	−0.1938	1	1.17

Variables	INVT	TAX_PAID	ETH_SCO	ETH_COUN	WOM_BOA	CSR_IND	LEG_SYST	LEVE	POL_SECT	VIF
INVT	1									1.17
TAX_PAID	0.0818	1								1.05
ETH-SCO	0.0260	0.0783	1							1.06
ETH-COUNTRY	0.0892	0.0797	0.0634	1						1.11
WOM_BOARD	−0.0429	−0.1086	0.0763	0.0405	1					1.42
CSR_INDEX	−0.1057	−0.0680	0.0391	−0.1072	0.1213	1				1.05
LEG_SYST	−0.0155	−0.0005	−0.1921	−0.1865	−0.4703	−0.0874	1			1.47
LEVE	−0.2621	−0.0420	−0.0283	0.0606	0.1260	0.0223	0.0124	1		1.15
POL_SECTOR	0.2649	0.1448	−0.0402	0.1578	−0.0589	−0.0086	−0.1323	−0.1938	1	1.17

Source(s): Authors' calculation