Table 5.

Discriminant validity

1234567
1. Working capital management(0.786)      
2. Capital budget management0.117(0.814)     
3. Asset management0.5970.283(0.826)    
4. Financial outcomes0.2190.4390.654(0.817)   
5. Organizational outcomes0.2750.3460.5130.448(0.797)  
6. Capital market outcomes0.0960.4290.3170.3160.454(0.871) 
7. Human resource outcomes0.2270.5890.3710.3210.6030.489(0.786)
Note:

Values in diagonal represent the squared root estimate of average variance extracted (AVE)

Source: Table by author

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