Variable

Coverage_t

PB_t−1

Size_t−1

ROA_t−1

Lev_t−1

Liq_t−1

Inst_t−1

VIF

Coverage_t

1

PB_t−1

0.2039

1

0.590

Size_t−1

0.5493

−0.1453

1

0.436

ROA_t−1

0.1492

0.5922

−0.1921

1

0.494

Lev_t−1

0.0261

−0.1513

0.3516

−0.3754

1

0.552

Liq_t−1

−0.0935

0.1986

−0.2246

0.1036

−0.0996

1

0.812

Inst_t−1

0.4602

0.1648

0.505

0.1625

0.0786

−0.2782

1

0.614