Table 3 Measurement model
CEO’s financial literacy (CFL) | Loads | p-value | Management Control System (MCS) | Loads | p-value | Q2 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
α | 0.856 | CFL1 | 0.795 | 0.000 | α | 0.884 | MCS1 | 0.648 | 0.000 | 0.167 | |
ρA | 0.859 | CFL2 | 0.858 | 0.000 | ρA | 0.896 | MCS2 | 0.722 | 0.000 | 0.115 | |
CR | 0.902 | CFL3 | 0.875 | 0.000 | CR | 0.910 | MCS3 | 0.813 | 0.000 | 0.208 | |
AVE | 0.698 | CFL4 | 0.812 | 0.000 | AVE | 0.594 | MCS4 | 0.860 | 0.000 | 0.357 | |
Q2 | 0.225 | MCS5 | 0.863 | 0.000 | 0.310 | ||||||
MCS6 | 0.758 | 0.000 | 0.191 | ||||||||
MCS7 | 0.707 | 0.000 | 0.225 | ||||||||
Risk-taking | Loads | p-value | Q2 | Technological innovation | Loads | p-value | Q2 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
α | 0.768 | RT1 | 0.741 | 0.000 | 0.140 | α | 0.867 | I1 | 0.673 | 0.000 | 0.084 |
ρA | 0.777 | RT2 | 0.764 | 0.000 | 0.047 | ρA | 0.882 | I2 | 0.785 | 0.000 | 0.194 |
CR | 0.849 | RT3 | 0.804 | 0.000 | 0.118 | CR | 0.900 | I3 | 0.756 | 0.000 | 0.122 |
AVE | 0.585 | RT4 | 0.749 | 0.000 | 0.102 | AVE | 0.601 | I4 | 0.752 | 0.000 | 0.152 |
Q2 | 0.102 | Q2 | 0.16 | I5 | 0.861 | 0.000 | 0.251 | ||||
I6 | 0.813 | 0.000 | 0.155 |