Mixed effects linear regression analysis of investment with factor scores of trust in skill and integrity entered
| Independent variable | b | SE | df | t | p |
|---|---|---|---|---|---|
| Intercept | 43.05 | 1.50 | 138.00 | 28.77 | <0.001 |
| Trust in skill | 0.45 | 1.50 | 138.00 | 0.32 | 0.763 |
| Trust in integrity | 0.24 | 1.50 | 138.00 | 0.16 | 0.873 |
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.92 | 0.94 | 411.00 | 0.98 | 0.328 |
| X Trust in skill | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 2.25 | 1.01 | 411.00 | 2.22 | 0.027 |
| X Trust in integrity | |||||
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in skill | 2.34 | 1.33 | 411.00 | 1.76 | 0.080 |
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in integrity | 1.37 | 1.44 | 411.00 | 0.96 | 0.340 |
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 1.38 | 1.33 | 411.00 | 1.04 | 0.299 |
| X Trust in skill | |||||
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.29 | 1.44 | 411.00 | 0.20 | 0.840 |
| X Trust in integrity | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.44 | 1.07 | 411.00 | 0.41 | 0.680 |
| X Trust in skill X Non-professionals vs Professionals | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.62 | 1.15 | 411.00 | 0.54 | 0.592 |
| X Trust in integrity X Non-professionals vs Professionals | |||||
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in skill X Non-professionals vs Professionals | 2.18 | 1.52 | 411.00 | 1.44 | 0.151 |
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in integrity X Non-professionals vs Professionals | 2.66 | 1.62 | 411.00 | 1.64 | 0.103 |
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.39 | 1.52 | 411.00 | 0.26 | 0.780 |
| X Trust in skill X Non-professionals vs Professionals | |||||
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.67 | 1.62 | 411.00 | 0.41 | 0.681 |
| X Trust in integrity X Non-professionals vs Professionals |
| Independent variable | b | SE | df | t | |
|---|---|---|---|---|---|
| Intercept | 43.05 | 1.50 | 138.00 | 28.77 | <0.001 |
| Trust in skill | 0.45 | 1.50 | 138.00 | 0.32 | 0.763 |
| Trust in integrity | 0.24 | 1.50 | 138.00 | 0.16 | 0.873 |
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.92 | 0.94 | 411.00 | 0.98 | 0.328 |
| X Trust in skill | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 2.25 | 1.01 | 411.00 | 2.22 | 0.027 |
| X Trust in integrity | |||||
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in skill | 2.34 | 1.33 | 411.00 | 1.76 | 0.080 |
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in integrity | 1.37 | 1.44 | 411.00 | 0.96 | 0.340 |
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 1.38 | 1.33 | 411.00 | 1.04 | 0.299 |
| X Trust in skill | |||||
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.29 | 1.44 | 411.00 | 0.20 | 0.840 |
| X Trust in integrity | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.44 | 1.07 | 411.00 | 0.41 | 0.680 |
| X Trust in skill X Non-professionals vs Professionals | |||||
| Buy-recommended stock (1, 2) vs sell-recommended stock (3, 4) | 0.62 | 1.15 | 411.00 | 0.54 | 0.592 |
| X Trust in integrity X Non-professionals vs Professionals | |||||
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in skill X Non-professionals vs Professionals | 2.18 | 1.52 | 411.00 | 1.44 | 0.151 |
| Presentation vs no presentation of buy recommendation (stock 1, 2) X Trust in integrity X Non-professionals vs Professionals | 2.66 | 1.62 | 411.00 | 1.64 | 0.103 |
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.39 | 1.52 | 411.00 | 0.26 | 0.780 |
| X Trust in skill X Non-professionals vs Professionals | |||||
| Presentation vs no presentation of sell recommendation (stock 3, 4) | 0.67 | 1.62 | 411.00 | 0.41 | 0.681 |
| X Trust in integrity X Non-professionals vs Professionals |
Note(s): Pseudo R2Fixed-effects = 0.03, Pseudo R2Total = 0.32
Source(s): Authors' own creation/work
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