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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)