Construct validity and reliability of multi-item scales
| Constructs, details of measures, and results of validity tests | Standardized factor loadings |
|---|---|
| Opportunity discovery CR = 0.85 AVE = 0.60 | |
| Special alertness to new opportunities | 0.72 |
| Scanning the environment for new business opportunities | 0.69 |
| Identify demand and supply gaps in the market | 0.85 |
| Discover opportunities in markets where we have no personal experience | 0.82 |
| Opportunity creation CR = 0.84 AVE = 0.57 | |
| Our ideas are often original | 0.74 |
| We construct for new solutions when needed | 0.73 |
| We rely more on untried ideas | 0.82 |
| We source for opportunities that have high degree of uncertainty | 0.73 |
| Family firm growth CR = 0.89 AVE = 0.72 | |
| Sales growth | 0.89 |
| Market share growth | 0.81 |
| Overall firm growth | 0.85 |
| Competitive intensity CR = 0.82 AVE = 0.54 | |
| Competition is cut-throat | 0.74 |
| Anything that my company can offer, another company can match readily | 0.77 |
| We hear of new competitive move in terms of opportunity discoveries everyday | 0.79 |
| Our competitors are very strong in discovering new opportunities as well | 0.62 |
| Constructs, details of measures, and results of validity tests | Standardized factor loadings |
|---|---|
| Special alertness to new opportunities | 0.72 |
| Scanning the environment for new business opportunities | 0.69 |
| Identify demand and supply gaps in the market | 0.85 |
| Discover opportunities in markets where we have no personal experience | 0.82 |
| Our ideas are often original | 0.74 |
| We construct for new solutions when needed | 0.73 |
| We rely more on untried ideas | 0.82 |
| We source for opportunities that have high degree of uncertainty | 0.73 |
| Sales growth | 0.89 |
| Market share growth | 0.81 |
| Overall firm growth | 0.85 |
| Competition is cut-throat | 0.74 |
| Anything that my company can offer, another company can match readily | 0.77 |
| We hear of new competitive move in terms of opportunity discoveries everyday | 0.79 |
| Our competitors are very strong in discovering new opportunities as well | 0.62 |
Note(s): Fit indices: χ2 / (df) = 1.29; NFI = 0.94; CFI = 0.98; RMSEA = 0.04; SRMR = 0.04
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