Figure 1
The figure starts with three ovals arranged in a vertical series on the left. From top to bottom, the ovals are labeled as follows: “C S R-S T C”, “Com S R”, and “S R-H R M”. A rightward arrow labeled “0.15 asterisk” points from “C S R-S T C” to an oval positioned near the top right, labeled “F P E R F”. The label “r-squared equals 0.24” is positioned on the top right of this oval. Individual rightward arrows labeled “0.15 asterisk” and “0.20 double asterisks” point from “Com S R” and “S R-H R M”, respectively, to an oval positioned at the center. The central oval is labeled “N F P E R F” and the label “r-squared equals 17” is positioned on top of this oval. An upward arrow labeled “0.35 triple asterisks” points from “N F P E R F” to “F P E R F”. Additionally, two text boxes are arranged in a horizontal series below “N F P E R F”. The text box on the left is labeled “Firm size” and the text box on the right is labeled “Industry performance”. Individual upward arrows labeled “0.28 triple asterisks” and “0.00” point from “Firm size” to “N F P E R F” and “F P E R F”, respectively. Individual upward arrows labeled “0.32 triple asterisks” and “0.22 double asterisks” point from “Industry performance” to “N F P E R F” and “F P E R F”, respectively.Tested path model with standardized coefficients and squared multiple correlations