Future Business Journal

Table 4 Correlation analysis

From: Board characteristics and the likelihood of financial statements fraud: empirical evidence from an emerging market

	FRAUD	INDE	BSIZE	MEET	DIVE	CSIZE	PROF	LEVE	VIF
FRAUD	1.00
INDE	− 0.171*	1.00							1.86
BSIZE	0.127*	0.016	1.00						2.02
MEET	− 0.097	0.086	0.096	1.00					1.97
DIVE	− 0.089	0.107	0.014	0.069	1.00				1.23
CSIZE	− 0.098*	0.211**	0.219*	0.091	0.024	1.00			1.45
PROF	-0.087*	0.114**	0.134	0.074	0.091***	0.216**	1.00		1.98
LEVE	0.102*	− 0.169**	0.139	0.068	0.078	0.286**	0.139	1.00	1.69

^*Represents significant at P ≤ 0.05
^**Represents significant at P ≤ 0.10

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