Table 5.

SEM path analysis of our proposed theoretical model

Structural model
Dependent variable: financial performanceBetaSEz-valuep-value
Strategic activities (SA)0,530,0510,510,00
company_size0,170,036,600,00
company_age0,020,030,740,46
Position−0,160,04−3,660,00
_cons1,770,228,020,00
Latent Variable – SA
Predictor
TD approach0,440,0218,620,00
MM approach0,080,016,280,00
WF approach0,270,0214,920,00
Measurement Model
IndicatorLoadingStd, Errorz-valuep-value
stratknownall_levels (SA)1,0000*
strattransactionalllevels (SA)0,930,0425,920,00
resallocatedagreement_strat (SA)0,900,0421,480,00
Note(s):

(*constrained), N=2315

Source(s): Authors’ own work

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