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Table 4 Hypotheses verification (indirect relationship)

From: Management practices and performance of mergers and acquisitions in Pakistan: mediating role of psychological contract

Effect of

Direct effect (t-value)

Indirect effect (t-value)

Total effect

VAF (%)

Interpretation

Results

CA → PC → FP

0.188 (3.244)

0.058 (2.566)

0.246

23.56

Partial mediation

Supported (H6-a)

CP → PC → FP

0.061 (1.676)

0.038 (2.761)

0.098

38.77

Indirect mediation

Supported (H6-b)

CS → PC → FP

0.120 (3.639)

0.027 (1.935)

0.147n.s

18.36

No mediation

Not supported (H6-c)

IS → PC → FP

0.063 (1.133)

0.066 (3.367)

0.129

51.16

Indirect mediation

Supported (H6-d)

PJ → PC → FP

0.200 (3.669)

0.148 (4.620)

0.348

42.52

Partial mediation

Supported (H6-e)

CA → PC → NFP

0.178 (2.865)

0.038 (2.431)

0.216n.s

17.59

No mediation

Not supported (H7-a)

CP → PC → NFP

0.083 (2.003)

0.025 (2.343)

0.108

23.14

Partial mediation

Supported (H7-b)

CS → PC → NFP

0.188 (5.015)

0.018 (1.769)

0.206n.s

08.73

No mediation

Not supported (H7-c)

IS → PC → NFP

0.075 (1.265)

0.043 (2.973)

0.118

36.44

Indirect mediation

Supported (H7-d)

PJ → PC → NFP

0.206 (3.837)

0.098 (3.585)

0.303

32.34

Partial mediation

Supported (H7-e)

  1. VAF variance accounted for, n.s not significant; |t| ≥ 1.96 at p = 0.05 level; The VAF > 80 % indicates full mediation, 20 % ≤ VAF ≥ 80 % shows partial mediation while VAF < 20 % as no mediation (Ali and Park 2016)