Results (
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Table 5 provides the Spearman Rho’s correlation coefficients among the variables.For the dependent variables Table 5 also reports test for multicollinearity. Tolerance statistics for all dependent variables well above 0.2, while VIF values are well below 10, and the average VIF is very close to 1. From the above we define the model for our three measures of leverage (TLEV, SLEV and LLEV) as
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