Table 7 Direct effect, indirect effect... | Emerald Publishing

Table 7

Direct effect, indirect effect and total effect

IVs	Fintech usage	Income levels
	Direct effect	Direct effect	Indirect effect via fintech usage	Total effects
	(1)	(2)	(3)	(4)
Financial literacy	0.073***	0.067***	0.004***	0.071***
Gender (Male = 1)	0.073	−0.003	0.004	0.001
Age	−0.008	0.052	0.0001	0.052
Education	−0.114	0.154*	−0.006	0.148
Marital status (Married = 1)	−0.248*	−0.026	−0.014*	−0.040
Work experience	0.210***	0.077*	0.012***	0.089***
Explorer traits	0.243***	0.045***	0.014***	0.059***
Fintech usage	n/a	0.056**	n/a	0.056**

IVs	Fintech usage	Income levels
	Direct effect	Direct effect	Indirect effect via fintech usage	Total effects
	(1)	(2)	(3)	(4)
Financial literacy	0.073***	0.067***	0.004***	0.071***
Gender (Male = 1)	0.073	−0.003	0.004	0.001
Age	−0.008	0.052	0.0001	0.052
Education	−0.114	0.154*	−0.006	0.148
Marital status (Married = 1)	−0.248*	−0.026	−0.014*	−0.040
Work experience	0.210***	0.077*	0.012***	0.089***
Explorer traits	0.243***	0.045***	0.014***	0.059***
Fintech usage	n/a	0.056**	n/a	0.056**

Note(s): ***: p < 1%; **: p < 5%, *: p < 10%. Dependent variables: Fintech usage and Income levels. All coefficients are based on SEM. n/a: not applicable

Source(s): Authors’ own work