Table 9 Path coefficients Variables ROA... | Emerald Publishing

Table 9

Path coefficients

Variables	ROA			MAC
Variables	Coef.	p-values	VIF	Coef.	p-values	VIF
AC composition	0.222	0.008***	1.013	0.119	0.026**	1.037
Asset turnover	0.007	0.951	1.092	0.127	0.000***	1.295
Firm size	0.572	0.000***	1.130	0.616	0.000***	1.161
Leverage	0.109	0.009***	1.032	−0.205	0.000***	1.106
Gaussian copula (Leverage)	−0.561	0.000***	–	–	–	–
Gaussian copula (Asset Turnover)	0.447	0.000***	–	–	–	–
Gaussian copula (Firmsize)	−0.669	0.000***	–	0.254	0.041**	–
R-square	0.438	0.000***		0.727	0.000***

Variables	ROA			MAC
Variables	Coef.	p-values	VIF	Coef.	p-values	VIF
AC composition	0.222	0.008***	1.013	0.119	0.026**	1.037
Asset turnover	0.007	0.951	1.092	0.127	0.000***	1.295
Firm size	0.572	0.000***	1.130	0.616	0.000***	1.161
Leverage	0.109	0.009***	1.032	−0.205	0.000***	1.106
Gaussian copula (Leverage)	−0.561	0.000***	–	–	–	–
Gaussian copula (Asset Turnover)	0.447	0.000***	–	–	–	–
Gaussian copula (Firmsize)	−0.669	0.000***	–	0.254	0.041**	–
R-square	0.438	0.000***		0.727	0.000***

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors' computation