Table 4

Regressions results for the indirect effect of polychronic temporal orientation on ESE via process syntax

VariablesDecision-making decentralizationEntrepreneurial self-efficacy
Model 4 β^ (SE)Model 5 β^ (SE)
Controls
Number of founders0.37 (0.41)−0.43 (0.63)
Founders' age−0.29 (0.45)−0.22 (0.69)
Founders' education−0.44 (0.38)0.92 (0.59)
Number of founders' business0.46 (0.30)0.71 (0.47)
Direct effects
Polychronic temporal orientation0.24 (0.09)**0.22 (0.13)
Decision-making decentralization 0.80 (0.13)***
Mediating effect
Decision-making decentralization0.19 (0.10), 95% CI [0.04, 0.45]
R0.290.55
R20.080.31
F2.39**9.718***

Note(s): N = 141, *p < 0.05, **p < 0.01, ***p < 0.001

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