Table 4 Structural equation model... | Emerald Publishing

Table 4

Structural equation model analysis for competing models

Variables	Direct effect model	Mediated model
Fin. literacy ← Financial inclusion	Not estimated	0.311***
Sustainability ← Financial inclusion	0.541***	0.435***
Sustainability ← Fin. literacy	0.144**	0.144**
CMIN	81.329	82.879
Degrees of freedom (Df)	58	64
Probability (P)	0.024	0.046
Incremental fit index (IFI)	0.981	0.990
Tucker–Lewis index (TLI)	0.978	0.992
Comparative fit index (CFI)	0.991	0.998
Normed fit index (NFI)	0.970	0.983
Root mean square error of approximation (RMSEA)	0.030	0.021
Squared multiple correlations
Sustainability	0.253***	0.386***
Financial literacy	–	0.218***

Variables	Direct effect model	Mediated model
Fin. literacy ← Financial inclusion	Not estimated	0.311***
Sustainability ← Financial inclusion	0.541***	0.435***
Sustainability ← Fin. literacy	0.144**	0.144**
CMIN	81.329	82.879
Degrees of freedom (Df)	58	64
Probability (P)	0.024	0.046
Incremental fit index (IFI)	0.981	0.990
Tucker–Lewis index (TLI)	0.978	0.992
Comparative fit index (CFI)	0.991	0.998
Normed fit index (NFI)	0.970	0.983
Root mean square error of approximation (RMSEA)	0.030	0.021
Squared multiple correlations
Sustainability	0.253***	0.386***
Financial literacy	–	0.218***

Note(s): n = 379; significance level: ***p < 0.0001 and **p < 0.005

Fin. literacy – financial literacy

Source(s): Created by authors