Table 4 Correlation matrix Variables VIF... | Emerald Publishing

Table 4

Correlation matrix

Variables	VIF	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
PEG (1)		1.000
MPEG (2)		0.757	1.000
GP (3)	1.12	−0.025	−0.041	1.000
GPR (4)	1.10	−0.026	−0.037	0.924	1.000
SIZE (5)	2.13	0.158	0.162	0.208	0.194	1.000
TOBIN_Q (6)	1.50	−0.200	−0.203	−0.068	−0.070	−0.370	1.000
DEBT (7)	1.52	0.242	0.187	0.080	0.082	0.544	−0.264	1.000
ROA (8)	1.27	−0.100	−0.131	−0.007	−0.007	−0.087	0.145	−0.378	1.000
AGE (9)	1.31	0.178	0.169	−0.006	−0.014	0.434	0.045	0.431	−0.214	1.000
REST (10)	1.23	0.051	0.080	−0.003	−0.003	−0.015	0.029	0.002	−0.024	0.021	1.000
DAC (11)	1.14	0.070	0.090	−0.020	−0.016	0.019	−0.020	−0.023	0.146	−0.013	0.023	1.000
CSRR (12)	1.18	−0.031	−0.065	0.039	0.033	0.283	−0.073	0.042	0.128	0.058	−0.075	0.047	1.000
SOE (13)	1.61	0.073	0.050	0.011	0.011	0.350	−0.142	0.322	−0.145	0.411	−0.069	−0.020	0.158	1.000
TOP10 (14)	1.37	0.050	−0.011	0.013	0.016	0.198	−0.128	0.076	0.087	−0.077	−0.057	0.001	0.136	0.237	1.000
IOWN (15)	1.55	0.010	−0.019	0.067	0.058	0.451	0.090	0.256	0.044	0.438	−0.029	0.008	0.215	0.346	0.261	1.000
BSIZE (16)	1.34	0.037	0.029	0.041	0.031	0.237	−0.132	0.168	−0.021	0.129	−0.031	−0.011	0.130	0.269	0.008	0.163	1.000
BIND (17)	1.21	0.008	0.010	0.011	0.012	0.043	0.041	−0.004	−0.013	−0.028	0.013	0.013	0.005	−0.048	0.061	−0.016	−0.496	1.000
DUAL (28)	1.14	−0.053	−0.041	0.006	0.012	−0.175	0.053	−0.175	0.074	−0.244	0.031	0.013	−0.076	−0.300	−0.041	−0.178	−0.178	0.101	1.000

Variables	VIF	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
PEG (1)		1.000
MPEG (2)		0.757	1.000
GP (3)	1.12	−0.025	−0.041	1.000
GPR (4)	1.10	−0.026	−0.037	0.924	1.000
SIZE (5)	2.13	0.158	0.162	0.208	0.194	1.000
TOBIN_Q (6)	1.50	−0.200	−0.203	−0.068	−0.070	−0.370	1.000
DEBT (7)	1.52	0.242	0.187	0.080	0.082	0.544	−0.264	1.000
ROA (8)	1.27	−0.100	−0.131	−0.007	−0.007	−0.087	0.145	−0.378	1.000
AGE (9)	1.31	0.178	0.169	−0.006	−0.014	0.434	0.045	0.431	−0.214	1.000
REST (10)	1.23	0.051	0.080	−0.003	−0.003	−0.015	0.029	0.002	−0.024	0.021	1.000
DAC (11)	1.14	0.070	0.090	−0.020	−0.016	0.019	−0.020	−0.023	0.146	−0.013	0.023	1.000
CSRR (12)	1.18	−0.031	−0.065	0.039	0.033	0.283	−0.073	0.042	0.128	0.058	−0.075	0.047	1.000
SOE (13)	1.61	0.073	0.050	0.011	0.011	0.350	−0.142	0.322	−0.145	0.411	−0.069	−0.020	0.158	1.000
TOP10 (14)	1.37	0.050	−0.011	0.013	0.016	0.198	−0.128	0.076	0.087	−0.077	−0.057	0.001	0.136	0.237	1.000
IOWN (15)	1.55	0.010	−0.019	0.067	0.058	0.451	0.090	0.256	0.044	0.438	−0.029	0.008	0.215	0.346	0.261	1.000
BSIZE (16)	1.34	0.037	0.029	0.041	0.031	0.237	−0.132	0.168	−0.021	0.129	−0.031	−0.011	0.130	0.269	0.008	0.163	1.000
BIND (17)	1.21	0.008	0.010	0.011	0.012	0.043	0.041	−0.004	−0.013	−0.028	0.013	0.013	0.005	−0.048	0.061	−0.016	−0.496	1.000
DUAL (28)	1.14	−0.053	−0.041	0.006	0.012	−0.175	0.053	−0.175	0.074	−0.244	0.031	0.013	−0.076	−0.300	−0.041	−0.178	−0.178	0.101	1.000

Note(s): Italic faced correlations are significant at p < 0.01. All variables are defined in Table 2. This table is prepared by the authors