Table 2.

Discriminant validity (Fornell and Larcker (1981), criterion)

	BP	PS	EA	EX	EK	ES	FI	Lead	Pro	Reg.	Stra.	Struc.
Business performance	0.803
Business survival	0.536	0.525
Employees’ activities	0.401	0.318	0.856
Expenses	−0.150	−0.088	−0.065	0.720
External knowledge	0.105	0.032	0.264	0.161	0.756
External support	0.121	0.145	0.127	0.136	0.213	0.726
Financial indicators	0.462	0.916	0.182	−0.099	−0.107	0.092	0.719
Leadership	0.359	0.415	0.479	−0.060	0.300	0.168	0.228	0.747
Production	−0.166	−0.141	−0.057	0.496	0.234	0.220	−0.167	−0.050	0.718
Regeneration	0.219	0.235	0.437	−0.016	0.310	0.078	0.121	0.509	0.045	0.710
Strategy	0.413	0.712	0.337	−0.064	0.243	0.180	0.394	0.511	−0.033	0.298	0.756
Structures	−0.154	−0.113	−0.049	0.792	0.263	0.238	−0.135	−0.049	0.912	0.025	−0.032	0.563

Values in the diagonal indicate the square root of latent variable AVE, representing the highest value in each column