Table 5

Structural model assessment: Direct effects

Direct relationshipEffect typeDirect β (without controls)t valuep valuef2Direct β (with controls)t valuep valueDecision
GS → DKMDirect0,63110,1240,0000,6610,6319,8660,000Supported
GS → GPDirect0,72313,2530,0001,0950,72313,0300,000Supported
GS → ERMDirect0,1381,4140,1570,0220,1371,3950,163Rejected
DKM → ERMDirect0,5557,1630,0000,4530,5527,0670,000Supported
GP → ERMDirect0,1941,9450,0520,0460,1971,9810,048Supported*
ERM → PDirect0,4744,8730,0000,0680,3612,7120,007Supported
GS → PDirect0,2471,9500,0510,0340,2672,0800,038Supported*
DKM → PDirect−0,0440,3660,7150,001−0,0250,2050,838Rejected
GP → PDirect−0,0280,2550,7990,000−0,0430,3770,706Rejected
Firm size → PControln/an/an/an/a−0,0510,6890,491Rejected
Firm maturity → PControln/an/an/an/a−0,0250,2910,771Rejected
Note(s):

*Decision changed after inclusion of control variables

Source(s): Own elaboration

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