Table 6 Correlation matrix 1 2 3 4 5 6 7... | Emerald Publishing

Table 6

Correlation matrix

		1	2	3	4	5	6	7	8	9	10	11	12	13	14	VIF
1	ROA	1.00
2	Women on board	−0.03	1.00													1.04
3	Age board (log)	0.06	0.06	1.00												1.12
4	R&D expenses	−0.09	−0.01	−0.01	1.00											1.03
5	Patent expenses	−0.07	0.03	0.04	0.07	1.00										1.02
6	Licensing exp.	−0.04	0.01	−0.01	0.04	0.05	1.00									1.01
7	Tangibility	0.04	0.06	0.07	−0.07	−0.06	−0.02	1.00								1.12
8	Cash Holding	0.03	0.02	−0.13	−0.11	−0.06	−0.03	−0.19	1.00							1.09
9	Size	0.06	0.16	0.22	0.02	0.07	0.06	0.14	−0.14	1.00						1.51
10	Long term debt	−0.11	0.02	0.03	0.07	0.05	0.06	0.18	−0.11	0.17	1.00					1.07
11	Firm age (log)	0.16	0.10	0.30	−0.02	0.01	0.01	0.15	−0.12	0.50	0.06	1.00				1.44
12	D. listing	0.01	0.08	0.05	−0.00	0.06	0.04	−0.02	−0.03	0.22	0.01	0.04	1.00			1.10
13	D. Delisting	−0.04	0.03	−0.00	−0.01	−0.00	0.03	0.00	−0.02	0.05	0.01	0.00	0.17	1.00		1.03
14	D. south	0.09	−0.06	−0.03	0.04	−0.02	−0.01	0.12	−0.02	−0.03	0.03	0.04	−0.07	−0.02	1.00	1.03

		1	2	3	4	5	6	7	8	9	10	11	12	13	14	VIF
1	ROA	1.00
2	Women on board	−0.03	1.00													1.04
3	Age board (log)	0.06	0.06	1.00												1.12
4	R&D expenses	−0.09	−0.01	−0.01	1.00											1.03
5	Patent expenses	−0.07	0.03	0.04	0.07	1.00										1.02
6	Licensing exp.	−0.04	0.01	−0.01	0.04	0.05	1.00									1.01
7	Tangibility	0.04	0.06	0.07	−0.07	−0.06	−0.02	1.00								1.12
8	Cash Holding	0.03	0.02	−0.13	−0.11	−0.06	−0.03	−0.19	1.00							1.09
9	Size	0.06	0.16	0.22	0.02	0.07	0.06	0.14	−0.14	1.00						1.51
10	Long term debt	−0.11	0.02	0.03	0.07	0.05	0.06	0.18	−0.11	0.17	1.00					1.07
11	Firm age (log)	0.16	0.10	0.30	−0.02	0.01	0.01	0.15	−0.12	0.50	0.06	1.00				1.44
12	D. listing	0.01	0.08	0.05	−0.00	0.06	0.04	−0.02	−0.03	0.22	0.01	0.04	1.00			1.10
13	D. Delisting	−0.04	0.03	−0.00	−0.01	−0.00	0.03	0.00	−0.02	0.05	0.01	0.00	0.17	1.00		1.03
14	D. south	0.09	−0.06	−0.03	0.04	−0.02	−0.01	0.12	−0.02	−0.03	0.03	0.04	−0.07	−0.02	1.00	1.03

Source(s): Authors' own work