Drivers of business model innovation in micro and small enterprises: evidence from Egypt as an emerging economy

Future Business Journal

Table 1 Latent variables correlation, reliability and validity

	BMI	Political ties	Business ties	Financial performance	Non-financial performance	Perceived uncertainty	Proactive	Reactive
BMI	0.774
Political TIES	0.196	0.816
Business ties	0.440	0.223	0.917
Financial performance	0.244	0.278	0.158	0.876
Non-fin performance	0.400	0.313	0.214	0.602	0.778
Perceived environmental uncertainty	0.272	0.095	0.071	0.086	0.151	0.822
Proactive MO	0.487	0.207	0.339	0.273	0.403	0.275	0.792
Reactive MO	0.525	0.158	0.343	0.232	0.316	0.142	0.449	0.754
Cronbach's Alpha ≥ 0.7	0.833	0.749	0.906	0.898	0.837	0.762	0.703	0.751
rho_A < 1	0.839	0.752	0.907	0.900	0.842	0.835	0.704	0.763
Composite Reliability ≥ 0.8	0.882	0.856	0.941	0.929	0.884	0.861	0.835	0.840
Average Variance Extracted (AVE) ≥ 0.5	0.599	0.666	0.842	0.767	0.605	0.675	0.627	0.568