R&D

AC

OS

Sice

Idrate

Growth

ROA

Board

Ncash

Lev

VIF

R&D

1

AC

−0.321***

1

1.173

OS

0.215***

−0.174***

1

1.171

Sice

−0.244***

0.159***

−0.214***

1

1.531

Idrate

0.023

−0.011

−0.022

−0.014

1

1.552

Growth

0.052***

0.031**

−0.02

0.038***

−0.007

1

1.014

ROA

−0.023

0.070***

0.052***

0.005

−0.011

0.076***

1

1.267

Board

−0.097***

0.055***

−0.035**

0.244***

−0.581***

0

0.003

1

1.649

Ncash

0.197***

−0.300***

0.224***

−0.060***

0.031**

0.041***

0.252***

−0.044***

1

1.264

Lev

−0.251***

0.198***

−0.338***

0.513***

0.001

0.043***

−0.332***

0.121***

−0.285***

1

1.808