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| Alternative Hypotheses | Relations | Estimate | S.E | C.R | p-value | Results |
|---|---|---|---|---|---|---|
| (Regression Coefficient) | ||||||
| H1 | US <—IF | 0.238 | 0.043 | 5.295 | *** | Accept |
| H2 | TTF <—US | 0.713 | 0.066 | 10.719 | *** | Accept |
| H3 | PI <—TTF | 0.262 | 0.048 | 5.424 | *** | Accept |
| H4 | AU <—US | 0.373 | 0.063 | 5.914 | *** | Accept |
| H5 | PI <—AU | 0.200 | 0.060 | 3.348 | *** | Accept |
*** p-value < 0.001
