Financing Constraints and Environmental Performance: Management in Resource Constraint Settings

Table 3

Mediation effect test.

Test	Path	β	s.e.	t
Direct effects
H1	Financing constraints⟶environmental performance	2.5881	1.5126	1.7110^∗∗
H1a	Financing constraints⟶green management	−3.9459	1.6760	−2.3543^∗∗
H1b	Environmental performance⟶green management	0.0952	0.0468	2.0327^∗∗
Indirect effects
H2	Financing constraints⟶green management⟶environmental performance	2.2126	1.5077	1.4675^∗∗
Significant control variables
	Age⟶green management	0.0414	0.0177	2.3350^∗∗
	Scale⟶green management	0.8898	0.0988	9.0023^∗∗

^∗∗At 95% level, the test was significant.