Table 3. Confirmatory factor analysis (CFA)

Indicators S.E Cronbach SMC AVE CR
Group oriented culture Our organization emphasizes human resources. 0.760 0.752 0.577 0.483 0.736
The glue that holds our organization together is loyalty and tradition. 0.650 0.423
It is like an extended family and people seem to share a lot of themselves. 0.670 0.449
Development oriented culture Our organization emphasizes growth through acquiring new resources. 0.668 0.549 0.446 0.439 0.610
There is an emphasis on being first with products and services. 0.657 0.432
Rationale oriented culture The glue that holds our organization together is an emphasis on tasks and goal accomplishment. 0.674 0.624 0.454 0.503 0.669
An output and achievement orientation is commonly shared. 0.743 0.552
Interaction During M&A process between KE/OZ, standard documentations between two parties will be actively exchanged. 0.846 0.928 0.716 0.756 0.925
During M&A process between KE/OZ, communication of phone and email between two parties will be actively exchanged. 0.917 0.841
During M&A process between KE/OZ, committees, and task force team between two parties will be well organized. 0.871 0.759
During M&A process between KE/OZ, the meetings between two parties will be conducted productively. 0.843 0.711
Collaboration During M&A process between KE/OZ, two parties will work together as a team for the common goal. 0.854 0.935 0.729 0.799 0.941
During M&A process between KE/OZ, two parties will be shared the same vision for the company. 0.934 0.872
During M&A process between KE/OZ, two parties will be shared ideas, information and/or resources actively. 0.896 0.804
During M&A process between KE/OZ, two parties will have mutual understanding for the common goals. 0.890 0.792
Future efficiency After M&A of KE/OZ completion, new KE/OZ will have better performance by competitive products and service. 0.842 0.854 0.709 0.536 0.821
After M&A of KE/OZ completion, new KE/OZ will extend their business operation. 0.733 0.537
M&A of KE/OZ will be successfully completed in budget. 0.706 0.499
M&A of KE/OZ will be successfully completed in planned schedule. 0.632 0.400
Future effectiveness After M&A of KE/OZ completion, the airline image of new KE/OZ will be increased. 0.716 0.904 0.513 0.691 0.898
After M&A of KE/OZ completion, customer satisfaction will be increased on new KE/OZ. 0.760 0.578
After M&A of KE/OZ completion, new KE/OZ will reach out to the profit target. 0.905 0.820
After M&A of KE/OZ completion, new KE/OZ will reach out to the given revenue target. 0.925 0.856