Validity and reliability of an instrument to measure transaction costs between coffee producers
DOI:
https://doi.org/10.46661/rev.metodoscuant.econ.empresa.10278Keywords:
construct validity, convergent validity, divergent validity, reliability, Structural Equations Models (SEM), Transaction costs, coffee tradeAbstract
The objective of this research is to determine the validity and reliability of a measurement instrument for transaction costs among coffee producers in the State of Mexico. For this purpose, 203 questionnaires were applied among coffee growers of the entity. Subsequently, its construct validity was analyzed through an exploratory factor analysis. For the analysis of convergent and divergent validity, a structural equations approach was used and the average variance extracted tests (convergent validity) and the Fornell-Larcker criterion (divergent validity) were estimated. For its part, Cronbach's alpha and the composite reliability index were used for the reliability of the instrument. When comparing three specifications, it was found that two presented a better fit. The first of them adjusts to the theory of transaction costs and divides them into three factors: information costs, negotiation and supervision. The second divides them into two: information costs and negotiation-supervision costs. The main contribution of this work is to constitute an advance in the international literature for the measurement of transaction costs in agricultural markets under conditions of validity and reliability.
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