Table 5. Discriminant validity: Fornell-Larcker criterion

Construct AVE > 0.5 IMC CE TAL TFL BMP FP
Integrated marketing communication (IMC) 0.760 0.872
Campaign effectiveness (CE) 0.762 0.617 0.873
Transactional leadership (TAL) 0.629 0.636 0.382 0.793
Transformational leadership (TFL) 0.685 0.592 0.343 0.789 0.827
Brand market performance (BMP) 0.669 0.584 0.682 0.364 0.344 0.818
Financial performance (FP) 0.784 0.393 0.426 0.248 0.191 0.514 0.886
Note. AVE, average variance extracted.