Table 4 Results of the sub-group... | Emerald Publishing

Table 4

Results of the sub-group analysis

Hypothesis	r	95% lower	95% upper	p-value	T-value	Qb
H2: Sustainability at country level
High-level of sustainability	0.4101	0.3230	0.4902	0.000	8.48	0.03
Low-level of sustainability	0.4237	0.2823	0.5471	0.000	5.47	0.03
H3: Type of performance
Environmental performance	0.4746	0.3407	0.5896	0.000	6.28	2.06
Non-environmental performance	0.3603	0.2710	0.4435	0.000	7.44	2.06
H4: Industry size
Large	0.3195	0.1787	0.4475	0.000	4.31	3.75
SME	0.3631	0.2789	0.4417	0.000	7.94	3.75
H5: EMA role
Included	0.5356	0.2435	0.7386	0.000	3.35	0.94
Excluded	0.3961	0.3153	0.4713	0.000	8.86	0.94
Control variables
Year
After	0.4219	0.3249	0.5101	0.000	7.81	0.15
Before	0.3898	0.2511	0.5128	0.000	5.20	0.15
Quality
High	0.3866	0.2591	0.5008	0.000	5.60	0.29
Low	0.4291	0.3296	0.5192	0.000	7.72	0.29

Hypothesis	r	95% lower	95% upper	p-value	T-value	Qb
H2: Sustainability at country level
High-level of sustainability	0.4101	0.3230	0.4902	0.000	8.48	0.03
Low-level of sustainability	0.4237	0.2823	0.5471	0.000	5.47	0.03
H3: Type of performance
Environmental performance	0.4746	0.3407	0.5896	0.000	6.28	2.06
Non-environmental performance	0.3603	0.2710	0.4435	0.000	7.44	2.06
H4: Industry size
Large	0.3195	0.1787	0.4475	0.000	4.31	3.75
SME	0.3631	0.2789	0.4417	0.000	7.94	3.75
H5: EMA role
Included	0.5356	0.2435	0.7386	0.000	3.35	0.94
Excluded	0.3961	0.3153	0.4713	0.000	8.86	0.94
Control variables
Year
After	0.4219	0.3249	0.5101	0.000	7.81	0.15
Before	0.3898	0.2511	0.5128	0.000	5.20	0.15
Quality
High	0.3866	0.2591	0.5008	0.000	5.60	0.29
Low	0.4291	0.3296	0.5192	0.000	7.72	0.29

Note(s): Significance level: *p < 0.1, **p < 0.05, ***p < 0.01

Source(s): Authors’ own work