Table 3

Measurement model evaluation

Construct/IndicatorOuter loadingCronbach's alphaCRAVE
Entrepreneurial self-efficacy 0.7620.8900.803
Y6. Overall, my skills and abilities will help me start this new business0.936   
Y7. My past experience will be very valuable in starting this new business0.854   
Y8. I am confident I can put in the effort needed to start this new businessDropped   
Perceived availability of financial support 0.6110.8130.691
P7. State and local governments in your community go out of their way to help new businesses get started0.685   
P8. Bankers and other investors in your community go out of their way to help new businesses get started0.956   
Goal Commitment 0.6160.8380.721
Y9. There is no limit as to how long I would give maximum effort to establish this new business0.819   
Y10. My personal philosophy is to “do whatever it takes” to establish my own business0.878   

Note(s): CR corresponds to Composite Reliability; AVE corresponds to average variance extracted

Source(s): Authors’ own work

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