Table 6 Results of structural model.

From: Unveiling the attitudinal factors: an integration of TPB and SCT in understanding investor intention towards equity investments

Hypothesis

Path

Beta values

Standard error

CI (2.5%; 97.5%)

f2 (Effect-size)

T-value

P-value

H1

EHF > EINT

−0.059ns

0.034

(−0.121; 0.012)

0.007

1.757

0.079

H2

RA > EINT

−0.053ns

0.038

(−0.120; 0.027)

0.005

1.396

0.163

H3

RP > EINT

0.082*

0.040

(0.005; 0.160)

0.010

2.067

0.039

H4

EPB > EINT

0.341***

0.047

(0.246; 0.430)

0.161

7.252

0.000

H5

ESN > EINT

0.428***

0.046

(0.334; 0.518)

0.257

9.220

0.000

H6

FSE > EINT

0.096*

0.044

(0.011; 0.185)

0.015

2.182

0.029

H7

FL > EINT

0.036ns

0.043

(−0.045; 0.122)

0.002

0.837

0.402

  1. ns not significant, CI confidence interval, EHF hassle factor, RA risk avoidance, RP perception of regulators, EPB perceived benefit, ESN subjective norms, FSE financial self-efficacy, FL financial literacy, EINT investment intention.
  2. ***p < 0.001; *p < 0.05; f2 effect size (0.02: small effect; 0.15: medium effect; 0.35: large effect); Bold value shows medium effect.
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