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macro)
Interpretation
Bilal Javed Khan (13-NTU-
1183)
Behavioral Finance
SPSS Statistical Computing
Mediation using the Process Macro
X Y
C
M
A B
X Y
c
Path Analysis
C = total effect of X on Y
AB = Indirect effect of X on Y
C = Direct effect of X on Y
Total effect = Direct effect + Indirect
effect
C = c +
(AB)
Indirect effect = Total effect - direct
effect
Effect of Financial statement on Investment
Decision with mediation As Framing effect
Conceptual framework:
Framing
effect
Financial Investment
Statement Decision
Results
EFFECT OF FS ON FE
Outcome: FE
Model Summary
R R-sq MSE F df1 df2 p
.3741 .1399 .2151 7.8085 1.0000 48.0000 .0075
Model
coeff se t p LLCI ULCI
constant 2.0580 .4446 4.6294 .0000 1.1642 2.9519
FS .3852 .1378 2.7944 .0075 .1080 .6623
R : R shows the relation between financial statement on framing effect ( 37% relation )
Coeff: .3852 shows the effect of financial statement on framing effect
Outcome: DM
Model Summary
R R-sq MSE F df1 df2 p
.2867 .0822 .1902 2.1051 2.0000 47.0000 .
1332
Model
coeff se t p LLCI
ULCI
constant 2.3439 .5029 4.6610 .0000 1.3322 3.3555
FE .0680 .1358 .5009 .6188 -.2051 .3411
FS .2318 .1398 1.6580 .1040 -.0495 .5130
Outcome: DM
Model Summary
R R-sq MSE F df1 df2 p
.2781 .0773 .1873 4.0221 1.0000 48.0000
.0506
Model
coeff se t p LLCI ULCI
constant 2.4838 .4148 5.9874 .0000 1.6497
3.3179
FS .2580 .1286 2.0055 .0506 -.0007 .
5166