Skip to main content
Financial Innovation

Table 4 Variance Inflation Factor (VIF) measure for multicollinearity

From: Raising capital amid economic policy uncertainty: an empirical investigation

Variable

VIF

Firm size

2.89

Analyst coverage

1.91

Cash

1.39

Board size

1.33

Leverage

1.23

Profitability

1.19

EPU

1.11

Interest rate

1.11

Golden parachute

1.09

GDP growth rate

1.08

Market optimism

1.05

Insider optimism

1.03

CEO duality

1.02

Board attendance

1.02

Mean VIF

1.3

  1. The table includes variables on governance, information asymmetry, and firm-specific factors. The sample selection model does not include firm ownership variables in the first equation on capital issuance and, consequently, are excluded from VIF analysis
Back to article page