Table 6

Pakistani SMEs' hierarchical regression analysis results

VariablesSocial performanceEnvironmental performanceFinancial performance
Model 1Model 2Model 3Model 4Model 5Model 6Model 7Model 8Model 9
Firm size0.0450.0550.059−0.061−0.109−0.1080.0560.0040.004
Firm age−0.063−0.079−0.079−0.103−0.009−0.121−0.042−0.049−0.050
Industry type0.0090.0290.015−0.009−0.039−0.047−0.059−0.086−0.087
Ownership Structure0.137**0.1050.118−0.074−0.031−0.0190.0280.0690.072
Green Entrepreneurial Orientation (GEO) −0.085−0.080 0.299***0.312*** 0.391***0.396***
Green Technology Dynamism (GTD) 0.127**0.122 0.278***0.279*** 0.213**0.214**
Environmental Consciousness (EC) 0.412***0.419*** −0.105−0.113 −0.140*−0.143*
GEO × GTD  −0.089  −0.139*  −0.040
GEO × EC  −0.095  −0.034  −0.132*
R20.0230.2090.2230.0240.2320.2510.0350.2570.259
ΔR20.0130.0140.1860.0240.2090.0190.0070.2500.002
F value0.91911.88***1.3510.93613.77***1.8640.28617.06***0.159

Note(s): *p < 0.05; **p < 0.01; ***p < 0.001, Standard errors in parentheses

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