Table 1. Reliability and validity tests... | Emerald Publishing

Table 1.

Reliability and validity tests

Latent variables		Cronbach’salpha ≥ 0.6	CR ≥ 0.7	AVE ≥ 0.5	√AVE	>MSV	Convergentvalidity CR >AVE > 0.5
Second-order endogenous	First-orderexogenous	Cronbach’salpha ≥ 0.6	CR ≥ 0.7	AVE ≥ 0.5	√AVE	>MSV	Convergentvalidity CR >AVE > 0.5
Financial literacy	Knowledge	0.956	0.880	0.511	0.715	0.009	Yes
	Attitude	0.922	0.898	0.691	0.831	0.002	Yes
	Behaviours	0.854	0.936	0.832	0.912	0.009	Yes
Financial inclusion	Access	0.931	0.912	0.682	0.826	0.014	Yes
	Usage	0.948	0.816	0.617	0.785	0.061	Yes
	Available products/services	0.957	0.856	0.546	0.739	0.061	Yes
Inclusive-Growth		0.849	0.855	0.616	0.785	0.178	Yes

Latent variables		Cronbach’salpha ≥ 0.6	CR ≥ 0.7	AVE ≥ 0.5	√AVE	>MSV	Convergentvalidity CR >AVE > 0.5
Second-order endogenous	First-orderexogenous	Cronbach’salpha ≥ 0.6	CR ≥ 0.7	AVE ≥ 0.5	√AVE	>MSV	Convergentvalidity CR >AVE > 0.5
Financial literacy	Knowledge	0.956	0.880	0.511	0.715	0.009	Yes
	Attitude	0.922	0.898	0.691	0.831	0.002	Yes
	Behaviours	0.854	0.936	0.832	0.912	0.009	Yes
Financial inclusion	Access	0.931	0.912	0.682	0.826	0.014	Yes
	Usage	0.948	0.816	0.617	0.785	0.061	Yes
	Available products/services	0.957	0.856	0.546	0.739	0.061	Yes
Inclusive-Growth		0.849	0.855	0.616	0.785	0.178	Yes

Note(s):

First-order indicators, second-order model,

Primary data: Authors’ work