Table 4

Structural models

VariablesModel 1Model 2
Flexibility → Pioneering behavior0.271***0.188***
Market dynamism → Pioneering behavior 0.327***
Mediation: Flexibility → Market dynamism → Pioneering behavior 0.079***
Activity0.447***0.419***
Age−0.172***−0.178***
Size0.180***0.148**
Adjusted R²0.373***0.429***
Change in R² 0.06
f² 0.131

Notes:

*p < 0.05, **p < 0.01, ***p < 0.001

Source: Own preparation

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