Table 1

Construct validity and reliability of multi-item scales

Constructs, details of measures, and results of validity testsStandardized factor loadings
Opportunity discovery CR = 0.85 AVE = 0.60 
Special alertness to new opportunities0.72
Scanning the environment for new business opportunities0.69
Identify demand and supply gaps in the market0.85
Discover opportunities in markets where we have no personal experience0.82
Opportunity creation CR = 0.84 AVE = 0.57
Our ideas are often original0.74
We construct for new solutions when needed0.73
We rely more on untried ideas0.82
We source for opportunities that have high degree of uncertainty0.73
Family firm growth CR = 0.89 AVE = 0.72
Sales growth0.89
Market share growth0.81
Overall firm growth0.85
Competitive intensity CR = 0.82 AVE = 0.54
Competition is cut-throat0.74
Anything that my company can offer, another company can match readily0.77
We hear of new competitive move in terms of opportunity discoveries everyday0.79
Our competitors are very strong in discovering new opportunities as well0.62

Note(s):Fit indices:χ2 / (df) = 1.29; NFI = 0.94; CFI = 0.98; RMSEA = 0.04; SRMR = 0.04

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