Table 4. Descriptive statistics,...

Table 4.

Descriptive statistics, correlation matrix and AVEs of principal constructs for the USA

	Intention to use	Attitude	Subjective norm	Perceived behavioral control	Illegal attitude	Herding behavior	Perceived risk	Financial literacy
Intention to use	0.81	0.36	0.43	0.23	0.45	0.28	0.34	0.30
Attitude		0.87	0.58	0.34	0.82	0.54	0.32	0.21
Subjective norm			0.92	0.28	0.59	0.19	0.44	0.52
Perceived behavioral control				0.92	0.23	0.22	0.53	0.42
Illegal attitude					0.94	0.38	0.66	0.74
Herding behavior						0.87	0.42	0.50
Perceived risk							0.78	0.44
Financial literacy								0.80
Cronbach’s alpha	0.78	0.82	0.85	0.76	0.71	0.74	0.88	0.90
Mean value	6.6	5.6	4.5	4.2	4.9	3.0	3.2	4.0
SD	1.2	1.3	1.5	1.6	1.4	1.1	1.6	1.4

	Intention to use	Attitude	Subjective norm	Perceived behavioral control	Illegal attitude	Herding behavior	Perceived risk	Financial literacy
Intention to use	0.81	0.36	0.43	0.23	0.45	0.28	0.34	0.30
Attitude		0.87	0.58	0.34	0.82	0.54	0.32	0.21
Subjective norm			0.92	0.28	0.59	0.19	0.44	0.52
Perceived behavioral control				0.92	0.23	0.22	0.53	0.42
Illegal attitude					0.94	0.38	0.66	0.74
Herding behavior						0.87	0.42	0.50
Perceived risk							0.78	0.44
Financial literacy								0.80
Cronbach’s alpha	0.78	0.82	0.85	0.76	0.71	0.74	0.88	0.90
Mean value	6.6	5.6	4.5	4.2	4.9	3.0	3.2	4.0
SD	1.2	1.3	1.5	1.6	1.4	1.1	1.6	1.4

Notes:

The main diagonal shows the square root of the AVE.

Significant at p < 0.01 level (r > 0.35 or r < −0.35) are shown in bold; significant at p < 0.05 level (r > 0.30 or r < −0.30) in italics

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