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Table 1: Sample Statistics of Demographics

Demographics Frequency (%)

Gender

 Male

 Female

Age (years)

 20-30

 31-40

 40-50

 Above 50

Income (PKR)

 30,000-50,000

 51,000-100,000

 Above 100,000

Marital Status

 Single

 Married

 Divorced

 Widowed

 Others

Table2: Correlation between Variables. USE SPSS

Factors A B C

A 1

B 0.518*** 1
 C 0.359*** 0.515*** 1

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Table 3: Results of confirmatory factor analysis
Factor
Variables Study Questions t-Values CR, AVE
Loadings
I intend to gdbwdsbsvb sgbsd the stock market. 0.689 21.544
(John., I intend to engage in portfolio management
A 0.758 58.354 0.786, 0.552
2008) activities at least twice per week.
I intend to vdbdbnsd that of professional
0.958 85.482
managers.
I intend to save my income. 0.896 41.772
(Holland, I intend to have a portfolio. 0.888 92.358
B 0.819, 0.531
2000) I intend to vdfgsdfhsfhnsfg. 0.952 12.116
I intend dbdvbdvbfgnfg. 0.874 77.064
Expert vbvdbnfgdndfgnd 0.744 86.048
A company’s vcb xvbvdbsfgb. 0.668 55.584
(Alex et
C To invest in companies bfgnfgnefgnhdk. 0.798 32.446 0.849, 0.531
al., 2016)
It is risky to bvcvbdfgndndgh. 0.770 22.525
I believe that bfdgbnfgdndfg. 0.651 13.806

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Table 4: Heterotrait-Monotrait (HTMT) ratio of correlations (A Discriminant Validity Criteria)

Factors A B C
A
B 0.381
C 0.528 0.324
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Table 5: Results of Path analysis
P
Hypotheses Relationships Betas R2
values
H1 A -> B 0.456 0.000 0.450***

H2 B -> C 0.636 0.000 0.553***

*p < .05, **p < .01, ***p < .001.

For those students who have a hypothesis on moderation e.g gender moderates the relationship
between A and B

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Table6: Multi Group Analysis of Gender

Path
coefficients
p-value
difference
Hypotheses
Relationships
(male vs
(male
female)
-
female)
H3
A -> B 0.541 0.000
*** p < 0.001, Bootstrapping based on n=5000 subsamples

For those students who have a hypothesis on mediation e.g C mediates the relationship between A and
B

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Table 7: Mediation Results of C between A and B

Hypotheses Indirect effect Beta P value Result

H4 A-> C-> B 0.321 0.002 Mediation