| Variable | GTI | GSCM | Er | Lev | SOE | ROA | IND | ListAge | Tobinq | VIF |
| GTI | 1.000 |
|
|
|
|
|
|
|
|
|
| GSCM | 0.187*** | 1.000 |
|
|
|
|
|
|
| 1.070 |
| Er | −0.145*** | 0.011 | 1.000 |
|
|
|
|
|
| 1.070 |
| Lev | 0.302*** | 0.107** | −0.049 | 1.000 |
|
|
|
|
| 1.720 |
| SOE | 0.287*** | 0.212*** | −0.165*** | 0.419*** | 1.000 |
|
|
|
| 1.920 |
| ROA | 0.038 | 0.022 | 0.039 | −0.288*** | −0.049 | 1.000 |
|
|
| 1.160 |
| IND | 0.195*** | 0.081* | −0.026 | −0.005 | −0.026 | −0.053 | 1.000 |
|
| 1.030 |
| ListAge | 0.336*** | 0.198*** | −0.213*** | 0.557*** | 0.677*** | 0.011 | 0.013 | 1.000 |
| 2.410 |
| Tobinq | −0.197*** | −0.086** | 0.055 | −0.236*** | −0.218*** | 0.113*** | 0.117*** | −0.163*** | 1.000 | 1.100 |