Table 2 Pair-wise correlation matrix... | Emerald Publishing

Table 2

Pair-wise correlation matrix with VIF

Independent variables	EDS	BS	NBMY	ROA	CR	DE	ATR	FS	VIF
EDS	1.00								2.23
BS	0.2107^***	1.00							1.92
NMBY	0.0725	0.3153^*	1.00						1.40
PER_ID	0.0085^*	−0.0664^*	−0.1719^***	1.00					1.15
AGE	0.2273^***	0.1185^***	0.1406^***	0.0377^**	1.00				1.11
TQ	−880.1702^***	−0.1976^***	−0.2418^***	0.1260^***	0.1354^***	1.00			1.07
DE	0.0712^*	0.0765^**	−0.0247	0.0181	0.0418	−0.0562	1.00		1.36
Size	0.3703^***	0.3653^***	0.4921^***	−0.0484	0.1298^***	−0.5472^***	−0.0144	1.00	1.06

Independent variables	EDS	BS	NBMY	ROA	CR	DE	ATR	FS	VIF
EDS	1.00								2.23
BS	0.2107^***	1.00							1.92
NMBY	0.0725	0.3153^*	1.00						1.40
PER_ID	0.0085^*	−0.0664^*	−0.1719^***	1.00					1.15
AGE	0.2273^***	0.1185^***	0.1406^***	0.0377^**	1.00				1.11
TQ	−880.1702^***	−0.1976^***	−0.2418^***	0.1260^***	0.1354^***	1.00			1.07
DE	0.0712^*	0.0765^**	−0.0247	0.0181	0.0418	−0.0562	1.00		1.36
Size	0.3703^***	0.3653^***	0.4921^***	−0.0484	0.1298^***	−0.5472^***	−0.0144	1.00	1.06

Note(s): ^***denotes 1% level of significance, ^**denotes 5% level of significance, ^*denotes 10% level of significance

Source(s): Prepared by authors