Table 6 Hypotheses summary.
Hypotheses | Expectation | Support |
|---|---|---|
H1a | As the organizational slack (both financial slack and operational slack) increases, the firm’s CPA will increase. | Yes |
H1b | The increase in financial slack will lead to a greater increase in CPA than that of operational slack. | Yes |
H2a | As the organizational slack (both financial slack and operational slack) increases, the firm’s entrepreneurial behavior could increase. | Yes |
H2b | According to H2b’s expectation, the increase in financial slack could show a stronger promotion in the firm’s entrepreneurial behavior. | No |
H2c | As the organizational slack (both financial slack and operational slack) increases, the firm’s managerial attitude toward risk would increase. | Yes |
H2d | According to H2d’s expectation, the increase in financial slack could show a stronger promotion of the firm’s managerial attitude toward risk. | No |
H3a | As the firm’s entrepreneurial behavior increases, the firm’s CPA will increase. | No |
H3b | As the firm’s managerial attitude toward risk increases, the firm’s CPA will increase. | Yes |
H4a | Entrepreneurial behavior mediates the positive effect between financial/operational slack and CPA. | No |
H4b | Managerial attitude toward risk mediates the positive effect between financial/operational slack and CPA. | Yes |
