Table 6

Multicollinearity diagnostics – variance inflation factors

VIF1/VIF
Board Independence1.360.735
Firm Size1.320.757
Board Transparency1.3030.767
Gender Diversity1.2430.804
Age1.1860.843
Leverage1.1770.85
State Ownership1.1570.865
Board Skills Disclosure1.0520.951
CEO Duality1.0140.987
Mean VIF1.201 

Note(s): Variance inflation factors (VIF) are derived from regressing each independent variable on all others; tolerance = 1/VIF. All VIFs are well below the common threshold of 10, indicating no serious multicollinearity among regressors

Source(s): Calculated by authors

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