Table 3 Path analysis summary in PLS-SEM... | Emerald Publishing

Table 3

Path analysis summary in PLS-SEM for EB and company performance results in finance

HQS in the non-crisis time						HQS in the crisis time
Variables in paths	β	Z	p	95%CI	R²	Variables in paths	β	Z	p	95%CI	R²
EB → Finance	0.16	3.41	<0.001	[0.07; 0.24]	0.83	EB → Finance	0.17	3.65	<0.001	[0.08; 0.26]	0.81
EB → HRM (α)	0.67	11.93	<0.001	[0.56; 0.77]	0.44	EB → HRM (α)	0.70	13.69	<0.001	[0.60; 0.80]	0.50
HRM → Finance	0.80	13.05	<0.001	[0.68; 0.92]	–	HRM → Finance	0.77	12.98	<0.001	[0.66; 0.89]	–
Mediation effect of HRM (αβ)	0.53	7.80	<0.001	[0.40; 0.67]	–	Mediation effect of HRM (αβ)	0.54	9.81	<0.001	[0.44; 0.65]	–

HQS in the non-crisis time						HQS in the crisis time
Variables in paths	β	Z	p	95%CI	R²	Variables in paths	β	Z	p	95%CI	R²
EB → Finance	0.16	3.41	<0.001	[0.07; 0.24]	0.83	EB → Finance	0.17	3.65	<0.001	[0.08; 0.26]	0.81
EB → HRM (α)	0.67	11.93	<0.001	[0.56; 0.77]	0.44	EB → HRM (α)	0.70	13.69	<0.001	[0.60; 0.80]	0.50
HRM → Finance	0.80	13.05	<0.001	[0.68; 0.92]	–	HRM → Finance	0.77	12.98	<0.001	[0.66; 0.89]	–
Mediation effect of HRM (αβ)	0.53	7.80	<0.001	[0.40; 0.67]	–	Mediation effect of HRM (αβ)	0.54	9.81	<0.001	[0.44; 0.65]	–

Foreign subsidiaries in the non-crisis time						Foreign subsidiaries in the crisis time
Variables in paths	β	Z	p	95%CI	R²	Variables in paths	β	Z	p	95%CI	R²
EB → Finance	0.08	1.90	>0.05	–	0.82	EB → Finance	0.20	3.94	<0.001	[0.10; 0.29]	0.78
EB → HRM (α)	0.61	8.27	<0.001	[0.46; 0.75]	0.37	EB → HRM (α)	0.71	11.36	<0.001	[0.58; 0.83]	0.50
HRM → Finance	0.86	12.35	<0.001	[0.72; 0.99]	–	HRM → Finance	0.73	10.67	<0.001	[0.60; 0.87]	–
Mediation effect of HRM (αβ)	0.52	7.50	<0.001	[0.38; 0.65]	–	Mediation effect of HRM (αβ)	0.52	9.11	<0.001	[0.41; 0.63]	–

Foreign subsidiaries in the non-crisis time						Foreign subsidiaries in the crisis time
Variables in paths	β	Z	p	95%CI	R²	Variables in paths	β	Z	p	95%CI	R²
EB → Finance	0.08	1.90	>0.05	–	0.82	EB → Finance	0.20	3.94	<0.001	[0.10; 0.29]	0.78
EB → HRM (α)	0.61	8.27	<0.001	[0.46; 0.75]	0.37	EB → HRM (α)	0.71	11.36	<0.001	[0.58; 0.83]	0.50
HRM → Finance	0.86	12.35	<0.001	[0.72; 0.99]	–	HRM → Finance	0.73	10.67	<0.001	[0.60; 0.87]	–
Mediation effect of HRM (αβ)	0.52	7.50	<0.001	[0.38; 0.65]	–	Mediation effect of HRM (αβ)	0.52	9.11	<0.001	[0.41; 0.63]	–

Note(s): All variables modified by the efficiency ratio (employee KPIs)

Source(s): Own empirical research