Additional tests on mediation
| Non-financial performance | Financial performance | Lagged accounting data | |
|---|---|---|---|
| Coefficient (Z) | Coefficient (Z) | Coefficient (Z) | |
| Sobel | 0.017 (3.59)*** | 0.017 (3.20)** | 0.008 (1.99)* |
| Goodman 1 | 0.017 (3.56)*** | 0.017 (3.16)** | 0.008 (1.96)* |
| Goodman 2 | 0.017 (3.63)*** | 0.017 (3.23)** | 0.008 (2.01)* |
| Bootstrap | 0.017 (3.31)** | 0.017 (2.61)** | 0.008 (2.10)* |
| 95% confidence interval | 0.007–0.027 | 0.004–0.031 | 0.001–0.017 |
| Non-financial performance | Financial performance | Lagged accounting data | |
|---|---|---|---|
| Coefficient ( | Coefficient ( | Coefficient ( | |
| Sobel | 0.017 (3.59)*** | 0.017 (3.20)** | 0.008 (1.99)* |
| Goodman 1 | 0.017 (3.56)*** | 0.017 (3.16)** | 0.008 (1.96)* |
| Goodman 2 | 0.017 (3.63)*** | 0.017 (3.23)** | 0.008 (2.01)* |
| Bootstrap | 0.017 (3.31)** | 0.017 (2.61)** | 0.008 (2.10)* |
| 95% confidence interval | 0.007–0.027 | 0.004–0.031 | 0.001–0.017 |
Note(s): *p < 0.05; **p < 0.01; ***p < 0.001
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