Table 6 Study 2 bootstrapped multiple mediation analyses.

R package mediation models with 10,000 bootstrapped samples, adjusted for investor gender, age, years of investing experience, and accreditation status. **P < 0.01 and ***P < 0.001. DV, dependent variables of logged funding and logged valuation; IV, independent variable of experimental condition.

Study 2 model outcomeEffect of IV on
mediator
Effect of mediator on
DV
Indirect effect of
mediator
95% CI lower bound95% CI upper bound
LnFunding0.354**0.653***0.231***0.110.37
LnValuation0.974***0.347***0.170.55