Let's see. Chi-squared equals phi-squared times N. So your -0.535 for
phi is worth about 90 as a chi-squared, for N= 317. That seems pretty big to me.
Yeah, your 2x2 table should be extreme. Look at it.
I just about never bother to look at VIF and tolerance because I try to start out my analyses
by knowing the size of the univariate relations between IVs and Dependent, and also among
IVs. Avoid redundancy, and check for basic validity among expected relationships.
And, yes, an OR of 19 or 23 seems "too big" for this sort of variable. What I would look into
is the possibility of artifact: Is the DV accidentally a component of the predictor (which was
a forced dichotomy of a composite score)? It is time to look at the components of the composite
against the IV, separately, to see what is responsible for that large effect.
--
Rich Ulrich
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