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Table 2 Pearson correlation matrix

From: Integrating agency and resource dependency theories: the moderating effect of board size on the relationship between dividends and firm value in Malaysia

 

Panel A

 

Tobin’s Q

DPS

Board size

DPS*Boardsize

Log (size)

TLTA

blockholder

Cash holding

Tobin’s Q

1

       

DPS

0.3747***

1

      

Board size

0.0648***

0.1836***

1

     

DPS*Boardsize

0.3996***

0.7971***

0.1742***

1

    

Log (size)

 − 0.0639***

0.3678***

0.3956***

0.2431***

1

   

TLTA

0.1136***

0.0197

0.1115***

0.0653***

0.2622***

1

  

Blockholder

0.0653***

0.2660***

0.1595***

0.2030***

0.2790***

 − 0.0274*

1

 

Cash holding

0.2003***

0.1126***

 − 0.023*8

 − 0.0478***

 − 0.1533***

 − 0.3832***

0.0053

1

 

Panel B

 

DPS

Board size

DPS* Boardsize

lnsize

TLTA

blockholder

Cash holding

VIF

3.19

1.20

2.83

1.52

1.28

1.12

1.23

1/VIF

0.3133

0.8357

0.3532

0.6567

0.7800

0.8905

0.8153

Mean VIF

1.77

  1. ***, **, and* denote statistical significance at the 1%, 5%, and 10% levels, respectively
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