Table 5 Summary table of the results of Nano, Eco and ILS in relation to the five hypotheses
Nano | Eco | ILS | |
|---|---|---|---|
Short term relationships | |||
H1:E_D—— > FNCS_3y | |||
Total effect | + | + | + |
Direct effect | − | − | / (without control) −(with control) |
H2: E_D—— > Novelty | + | + | + |
H3: E_D—— > A3_E_D | + | + | + |
H4: Novelty—— > FNCS_3y | + (without control) / (with control) | + | + |
H5: A3_E_D—— > FNCS_3y | + | + | + |
Long term relationships | |||
H1:E_D—— > FNCS_6y | |||
Total effect | + | + | + |
Direct effect | + (without control) / (with control) | / (without control) − (with control) | / |
H2: E_D—— > Novelty | + | + | + |
H3: E_D—— > A6_E_D | + | + | + |
H4: Novelty—— > FNCS_6y | + | + | + |
H5: A6_E_D—— > FNCS_6y | + | + | + |