Table 3. Initial correlation among variables

Factor 1 2 3 4 5 6 7 8
1 Philanthropy transparency 1.000
2 Philanthropy authenticity .654** 1.000
3 Philanthropy sustainability .703** .714** 1.000
4 Philanthropy value congruence .602** .761** .729** 1.000
5 Consumer‐company identification .571** .691** .577** .683** 1.000
6 Consumer trust .609** .732** .697** .769** .776** 1.000
7 Brand equity .577** .696** .643** .724** .717** .732** 1.000
8 Consumer loyalty .517** .652** .583** .698** .738** .772** .756** 1.000
Note. p < 0.05,
p < 0.01.