Table 3 Correlation matrix DEBT ASST... | Emerald Publishing

Table 3

Correlation matrix

	DEBT	ASST	EBITDA	INNOV	TANG	INTANG	VIF
Panel-A
DEBT	1
ASST	0.988*	1					1.48
EBITDA	0.577*	0.589*	1				1.61
INNOV	0.238*	0.210*	0.100*	1			1.36
TANG	0.367*	0.418*	0.584*	0.035*	1		1.51
INTANG	0.552*	0.550*	0.441*	0.119*	0.137*	1	1.28

	DEBT	ASST	EBITDA	INNOV	TANG	INTANG	VIF
Panel-A
DEBT	1
ASST	0.988*	1					1.48
EBITDA	0.577*	0.589*	1				1.61
INNOV	0.238*	0.210*	0.100*	1			1.36
TANG	0.367*	0.418*	0.584*	0.035*	1		1.51
INTANG	0.552*	0.550*	0.441*	0.119*	0.137*	1	1.28

	LEV	EBITDA_A	PATENT_A	TANG_A	INTANG_A
Panel-B
LEV	1
EBITDA_A	0.91*	1					1.16
INNOV_TA	0.063*	0.091*	1				1.02
TANG_A	0.53*	0.37*	0.11*	1			1.19
INTANG_A	0.27*	0.12*	0.063*	0.19*	1		1.04

Note(s): *p < 0.05