Technological environment and sustainable performance of oil and gas firms: a structural equation modelling approach

Future Business Journal

Table 3 Estimated results of the structural model

Path	Standardized estimate	t-statistics	p-value	Decision
H_1a: Technology Infrastructure SF_Perf	0.147	1.480	0.139	Not supported
H_1b: Technology Infrastructure SE_Perf	0.056	0.622	0.534	Not supported
H_1c: Technology Infrastructure SS_Perf	0.108	1.209	0.227	Not supported
H_2a: Technology Knowledge SF_Perf	0.263	2.574	0.010	Supported
H_2b: Technology Knowledge SE_Perf	0.215	2.307	0.021	Supported
H_2c: Technology Knowledge SS_Perf	0.249	2.720	0.007	Supported
H_3a: Technology Applications SF_Perf	0.836	7.671	0.000	Supported
H_3b: Technology Applications SE_Perf	0.961	7.675	0.000	Supported
H_3c: Technology Applications SS_Perf	0.968	8.518	0.000	Supported
Squared multiple correlation (R²) Sustainable financial performance (SF_Perf) = 0.668; Sustainable environmental performance (SE_Perf) = 0.893; Sustainable social performance (SS_Perf) = 0.899
Model Fit Statistics CMIN (χ²) = 686.325, df = 263, CMIN/df = 2.610, NFI = 0.827, RFI = 0.802, IFI = 0.885, TLI = 0.868, CFI = 0.884, RMSEA = 0.077