Table 5

Summary of hypotheses

HypothesesExpected signActual signLevel of support
H1: DIG_LEV positively influences DIG_PER(+)(+)Not significant
H2: GOV_TYPE positively influences NET_PER(+)(+)Supported
H3: GOV_TYPE positively influences DIG_PER(+)(+)Supported
H4: GOV_TYPE positively moderates the relationship between DIG_INT and DIG_PER(+)(−)Not significant
H5a: NET_INT positively influences NET_PER(+)(+)Supported
H5b: NET_INT negatively influences NET_PER(−)(+)Not supported
H6: GOV_TYPE positively moderates the relationship between NET_INT and NET_PER(+)(−)Not supported
Source(s): Authors’ own work

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