Structural model results
| Hypothesis and path | β | t-value | p-value | R2 (endogenous) | f2 | Q2 |
|---|---|---|---|---|---|---|
| H1: DT → FRQ | 1.471 | 4.695 | <0.001 | 0.355 | Large | >0 |
| H2: DT → EE | 0.724 | 6.583 | <0.001 | 0.455 | Large | >0 |
| H3: EE → FRQ | −0.261 | 0.585 | 0.559 | – | Negligible | – |
| H4: DT → EE → FRQ | −0.189 | n.s. | >0.05 | – | Negligible | – |
| Hypothesis and path | β | Q2 | ||||
|---|---|---|---|---|---|---|
| 1.471 | 4.695 | <0.001 | 0.355 | Large | >0 | |
| 0.724 | 6.583 | <0.001 | 0.455 | Large | >0 | |
| −0.261 | 0.585 | 0.559 | – | Negligible | – | |
| −0.189 | n.s. | >0.05 | – | Negligible | – |
Note(s): β = standardized path coefficient; t-values obtained via bootstrapping (5,000 resamples); p-values indicate two-tailed significance levels
R2 represents the coefficient of determination for endogenous constructs; Adjusted R2 accounts for model complexity
f2 indicates effect size, where 0.02 = small, 0.15 = medium, and 0.35 = large (Hair et al., 2023)
Q2 values were calculated using blindfolding procedures to assess predictive relevance; Q2 > 0 indicates predictive capability
Confidence intervals are bias-corrected and accelerated (BCa) at the 95% level
n = 40 firm-year observations (2019–2023)
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