Table 4

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

HQS in the non-crisis timeHQS in the crisis time
Variables in pathsβZp95%CIR2Variables in pathsβZp95%CIR2
EB → Innovativeness0.121.52>0.050.59EB → Innovativeness0.132.50<0.05[0.03; 0.24]0.64
EB → HRM (α)0.6711.93<0.001[0.56; 0.77]0.44EB → HRM (α)0.7013.69<0.001[0.60; 0.80]0.50
HRM → Innovativeness0.689.70<0.001[0.55; 0.82]HRM → Innovativeness0.7010.87<0.001[0.58; 0.83]
Mediation effect of HRM (αβ)0.457.11<0.001[0.33; 0.58]Mediation effect of HRM (αβ)0.508.63<0.001[0.38; 0.61]
Foreign subsidiaries in the non-crisis timeForeign subsidiaries in crisis time
Variables in pathsβZp95%CIR2Variables in pathsβZp95%CIR2
EB → Innovativeness0.020.23>0.050.46EB → Innovativeness0.071.03>0.050.71
EB → HRM (α)0.618.27<0.001[0.46; 0.75]0.37EB → HRM (α)0.7111.36<0.001[0.58; 0.83]0.50
HRM → Innovativeness0.666.52<0.001[0.46; 0.86]HRM → Innovativeness0.7914.77<0.001[0.69; 0.90]
Mediation effect of HRM (αβ)0.406.17<0.001[0.27; 0.53]Mediation effect of HRM (αβ)0.568.22<0.001[0.43; 0.69]

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

Source(s): Own empirical research

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