Table 6 Hypotheses direct effect results.

From: Toward a new understanding of environmental and financial performance through corporate social responsibility, green innovation, and sustainable development

Hypothesis

Direct relationships

Std. Beta

Std. Error

T values

H1(a1)

CSRCO → ESD

0.259***

0.047

5.532

H1(a2)

CSRCO → EVP

0.091**

0.028

3.213

H1(a3)

CSRCO → FP

0.114**

0.034

3.304

H1(a4)

CSRCO → GIN

0.116**

0.036

3.232

H2(a1)

CSRCS → ESD

0.281***

0.047

5.999

H2(a2)

CSRCS → EVP

0.150***

0.029

5.176

H2(a3)

CSRCS → FP

0.131***

0.030

4.422

H2(a4)

CSRCS → GIN

0.150***

0.035

4.292

H3(a1)

CSREM → ESD

0.312***

0.047

6.648

H3(a2)

CSREM → EVP

0.142***

0.029

4.835

H3(a3)

CSREM → FP

0.111***

0.029

3.882

H3(a4)

CSREM → GIN

0.111**

0.033

3.380

H4(a1)

CSREN → ESD

0.271***

0.047

5.814

H4(a2)

CSREN → EVP

0.092**

0.027

3.429

H4(a3)

CSREN → FP

0.089**

0.027

3.353

H4(a4)

CSREN → GIN

0.146***

0.035

4.162

H5(a1)

ESD → GIN

0.569***

0.044

12.960

H5(a2)

ESD → EVP

0.385***

0.049

7.840

H5(a3)

ESD → FP

0.372***

0.047

7.953

H6(b1)

GIN → EVP

0.323***

0.048

6.720

H6(b2)

GIN → FP

0.307***

0.047

6.465

H7(a1)

GINS → EVP

0.257***

0.049

5.223

H8(a1)

GINA → FP

0.304***

0.044

6.930

  1. **p < 0.01, ***p < 0.001.