Table III

Discriminant validity

CRAVEHBENHBENHBCHBC
HBE0.7780.5410.735   
NHBE0.8450.5780.5400.760  
NHBC0.8710.5320.3660.6490.729 
HBC0.8810.7130.5570.4220.4990.844

Notes: CR, Composite reliability; AVE, average variance extracted; HBE, human brand equity; NHBE, nonhuman brand equity; HBC, human brand credibility; NHBC, nonhuman brand credibility. All diagonal italic values are square root of AVE

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