| Hypothesis | Path | T-statistics | P-values | Supported |
| H1 | SCV -> PV | 2.273 | 0.023 | Yes |
| H2 | ETV -> PV | 2.990 | 0.003 | Yes |
| H3 | FTV -> PV | 3.982 | 0.000 | Yes |
| H4 | CDV -> PV | 6.876 | 0.000 | Yes |
| H5 | ESV -> PV | 1.098 | 0.272 | No |
| H6 | PV -> SAT | 5.783 | 0.000 | Yes |
| H7 | CF-> SAT | 5.851 | 0.000 | Yes |
| H8 | SAT -> CI | 6.304 | 0.000 | Yes |
| H9 | PV-> CI | 3.565 | 0.000 | Yes |
| H10 | HB -> CI | 4.712 | 0.000 | Yes |