Table 4 Pearson correlation matrix and... | Emerald Publishing

Table 4

Pearson correlation matrix and VIF

	arl	acsize	acind	acgd	acd	ace	big4	art	fsize	lev	roa	VIF
arl	1.00
acsize	−0.05^**	1.00										1.27
acind	−0.16	0.00	1.00									1.17
acgd	−0.10^*	0.13	0.27^**	1.00								1.32
acd	0.04	0.04	0.08	−0.02	1.00							1.07
ace	−0.13^*	0.17^*	0.10	0.04	−0.10	1.00						1.18
big4	−0.18^*	−0.07	0.11	0.12	−0.11	−0.02	1.00					1.09
art	0.15^*	0.12	−0.10	0.06	0.10	−0.04	−0.02	1.00				1.16
fsize	−0.23^**	0.11	0.22^**	0.33^**	−0.04	0.28^**	0.10	0.19^**	1.00			1.39
lev	0.11	0.04	−0.03	−0.01	0.05	0.19^**	−0.04	−0.12	0.09	1.00		1.28
roa	−0.11	0.30^**	−0.13	0.14	−0.11	−0.05	0.15^*	0.23^**	0.08	−0.36^**	1.00	1.56
										Mean VIF		1.25

	arl	acsize	acind	acgd	acd	ace	big4	art	fsize	lev	roa	VIF
arl	1.00
acsize	−0.05^**	1.00										1.27
acind	−0.16	0.00	1.00									1.17
acgd	−0.10^*	0.13	0.27^**	1.00								1.32
acd	0.04	0.04	0.08	−0.02	1.00							1.07
ace	−0.13^*	0.17^*	0.10	0.04	−0.10	1.00						1.18
big4	−0.18^*	−0.07	0.11	0.12	−0.11	−0.02	1.00					1.09
art	0.15^*	0.12	−0.10	0.06	0.10	−0.04	−0.02	1.00				1.16
fsize	−0.23^**	0.11	0.22^**	0.33^**	−0.04	0.28^**	0.10	0.19^**	1.00			1.39
lev	0.11	0.04	−0.03	−0.01	0.05	0.19^**	−0.04	−0.12	0.09	1.00		1.28
roa	−0.11	0.30^**	−0.13	0.14	−0.11	−0.05	0.15^*	0.23^**	0.08	−0.36^**	1.00	1.56
										Mean VIF		1.25

Note(s): ^** and ^* indicate level of significance at 1% and 5%, respectively. For definition of variables, refer to Table 2

Source(s): Authors’ own creation