Table 3

Multicollinearity test

VariableVIF1/VIF
LogTA4.100.243
Cultural3.720.268
ExecutiveCultural3.510.285
LogSales3.430.291
Board_Size1.630.613
Interaction_Executives1.440.696
Executive_Females1.320.755
Board_Indep1.320.760
Females1.210.824
Price1.140.879
ROE1.090.915
Board_skills1.050.952
D_E1.040.960
Mean VIF2.00 
Source: Authors’ own work

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