Fig. 1: Conceptual framework.

The H1, H2, H3, and H4 marked by solid arrows are the hypotheses proposed in the Section “Hypotheses development”. The dotted arrow indicates the effects of control variables which are not highlighted in the hypotheses.

The H1, H2, H3, and H4 marked by solid arrows are the hypotheses proposed in the Section “Hypotheses development”. The dotted arrow indicates the effects of control variables which are not highlighted in the hypotheses.