Item Validation for Sustainable Funding Model of B40 Social Enterprise Startups

Abstract

Government now shoulders much of the responsibility of the cost of funding of social issues services delivery. Many social enterprises attempted to provide innovative interventions to social issues as well, but often face capacity and resource constraints. Issues and limitations to the current funding model include sustainability and scalability, and insufficient collaboration between the government and social enterprises. The purpose of this paper is to establish a reliable instrument that can measure the quality of the sustainable funding model of this nature. Items were developed for its reliability and validity relevancy. In order to build a valid and reliable item, this paper highlights the involvement of selected social enterprises in east coast region of Malaysia to gauge its social cause mission, entrepreneurial intention and the sustainable funding initiatives. Expert validation was done among the practicing social entrepreneurs and academic experts in social entrepreneurship. Some 30 young social entrepreneurs participated and about 10 panel of experts validated the items. In the early phase of the item development, 46 items were measured in these three constructs. Responses from panel of experts required minor modification with the item was reduced to 35 measuring all the constructs. The overall scale validity index was .90. It was found that there is a presence of a good-for-fit indices for the final measurement model.