• Mr. Sajijul Islam

Abstract The aims of this paper are to determine the validity and reliability of research instruments. Four sets of research instruments were developed in this study. The first instrument, The Utility of Bank Loan (UBL) was essential to find out the benefits of Bank Loan towards the MSMEs. The second instrument, Utilization (UT) was vital to see the utilization of Bank loan among the entrepreneurs. Third and Fourth instruments Financial Performance (FP) and Capital Formation (CF) were essential to observe their financial performance as well as capital formation in the Business. EFA and CFA have been used to validating the Utility of Bank loan which is consist of five dimensions. Seven experts in the building construction subject examined the content validity of UT, FP, and CF. The value of reliability was based on Cronbach Alpha with appropriate value ranges. Judge agreement can be calculated as percent-agreement. Percent-agreement statistics can be calculated and explained easily. In result, EFA and CFA confirmed the five factors in adapted the Utility of Bank Loan scale – labeled Availability (AVL), Accessibility (ACC), Expected Reliance (ER), Facilities (F) and Terms and Conditions (TC) - which were subsequently corroborated by confirmatory factor analysis. The scale responses about Utility of Bank Loan had convergent and discriminant validity. On the basis of experts, UT, FP, and CF had the content validity. With this, the research instruments had the reliability.

Keywords: Validity and Reliability, Utility of Bank Loan, Utilization, Financial Performance, Capital Formation.

"Reliability and Validity Testing of Research Instruments", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 12, page no.1081-1094, December-2017, Available :http://www.jetir.org/papers/JETIR1712151.pdf

"Reliability and Validity Testing of Research Instruments", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 12, page no. pp1081-1094, December-2017, Available at : http://www.jetir.org/papers/JETIR1712151.pdf