Table 6. Results of discriminant validity analysis

Factor AVE 1 2 3 4 5 6 7 8
1 Philanthropy transparency 0.620 .787
2 Philanthropy authenticity 0.552 .654** .743
3 Philanthropy sustainability 0.653 .703** .714** .808
4 Philanthropy value congruence 0.604 .602** .761** .729** .777
5 Consumer‐company-identification 0.609 .571** .691** .577** .683** .780
6 Consumer trust 0.660 .609** .732** .697** .769** .776** .812
7 Brand equity 0.578 .577** .696** .643** .724** .717** .732** .760
8 Consumer loyalty 0.682 .517** .652** .583** .698** .738** .772** .756** .826
Note. The diagonal value is the square root of AVE.
p < .05,
p < .01,
p < .001.
AVE, average variance extracted.