Table 7.
Construct correlations matrix.
| Construct | APGAR | CON | OLN | PNS | RCL | Eff. FB culture | Perf. vs. comp. | Perf. vs. trend |
|---|---|---|---|---|---|---|---|---|
| APGAR | 0.747 | |||||||
| CON | 0.579 | 0.817 | ||||||
| OLN | 0.172 | 0.289 | 0.737 | |||||
| PNS | 0.600 | 0.747 | 0.405 | 0.708 | ||||
| RCL | 0.722 | 0.703 | 0.154 | 0.630 | 0.720 | |||
| EFBC | 0.082 | 0.433 | 0.562 | 0.610 | −0.120 | – | ||
| Perf. vs. comp. | −0.022 | 0.252 | .249 | 0.314 | 0.003 | 0.504 | – | |
| Perf. vs. trend | −0.083 | 0.211 | .336 | 0.330 | −0.115 | 0.649 | 0.594 | – |
Square root of AVE on bold diagonal. APGAR, family functionality; CON, confidence in management; OLN, professional networking; PNS, shared vision; RCL, role clarity; EFBC, effective family business culture; Perf. vs. comp., Firm performance vs. competition; Perf. vs. trend, firm performance vs. historical trend.