Correlation check
| Variables | VAICi,t | SIZEi,t | DEBTi,t | EVit | VCit |
|---|---|---|---|---|---|
| VAICi,t | 1.0000 | ||||
| SIZEi,t | 0.1696*** | 1.0000 | |||
| DEBTi,t | −0.0549*** | 0.4784*** | 1.0000 | ||
| EVi,t | 0.1450*** | 0.8176*** | 0.2267*** | 1.0000 | |
| VCi | −0.0305*** | −0.1602*** | −0.1440*** | −0.1298*** | 1.0000 |
| Variables | VAICi,t | SIZEi,t | DEBTi,t | EVit | VCit |
|---|---|---|---|---|---|
| 1.0000 | |||||
| 0.1696*** | 1.0000 | ||||
| −0.0549*** | 0.4784*** | 1.0000 | |||
| 0.1450*** | 0.8176*** | 0.2267*** | 1.0000 | ||
| −0.0305*** | −0.1602*** | −0.1440*** | −0.1298*** | 1.0000 |
Note(s): * significance at 10%; ** significance at 5%; *** significance at 1%
Source(s): Table created by the authors
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