Variables | Correlation matrix | ||||||
---|---|---|---|---|---|---|---|
WCTA | EBITTA | SalesTA | MVETL | lnMcap | IR | GDP | |
WCTA | 1.0000 | Â | Â | Â | Â | Â | Â |
EBITTA | 0.2111* | 1.0000 | Â | Â | Â | Â | Â |
0.0000 | Â | Â | Â | Â | Â | Â | |
SalesTA | − 0.0044 | 0.5498* | 1.0000 |  |  |  |  |
0.9245 | 0.0000 | Â | Â | Â | Â | Â | |
MVETL | 0.3569* | 0.3121* | 0.1527* | 1.0000 | Â | Â | Â |
0.0000 | 0.0000 | 0.0010 | Â | Â | Â | Â | |
lnMcap | 0.0707 | 0.5075* | 0.2056* | 0.2016* | 1.0000 | Â | Â |
0.1310 | 0.0000 | 0.0000 | 0.0000 | Â | Â | Â | |
IR | 0.0146 | 0.1288* | 0.0806 | 0.0823 | − 0.0103 | 1.0000 |  |
0.7559 | 0.0058 | 0.0848 | 0.0784 | 0.8260 | Â | Â | |
GDP | 0.0102 | 0.0048 | 0.0119 | − 0.0603 | 0.0720 | − 0.1281* | 1.0000 |
0.8277 | 0.9191 | 0.8002 | 0.1979 | 0.1240 | 0.0060 | Â | |
Multicollinearity diagnostics | |||||||
Tolerance | 0.6955 | 0.6224 | 0.9050 | 0.8851 | 0.8345 | 0.9214 | 0.9235 |
VIF | 1.44 | 1.61 | 1.11 | 1.13 | 1.20 | 1.09 | 1.08 |
Mean VIF | 1.24 | Â | Â | Â | Â | Â | Â |