Table 3.
Factor analysis and reliability of factors
| Key factors | KMO value | Factor loading | Percentage variance Explained | Cronbach’s alpha |
|---|---|---|---|---|
| Human capital |
0.57 |
0.78 - 0.94 |
0.74 |
0.92 |
| Capacity for innovation |
0.61 |
0.46 - 0.73 |
0.54 |
0.86 |
| Capital market infrastructure |
0.48 |
0.40 - 0.86 |
0.73 |
0.79 |
| Administrative infrastructure |
0.70 |
0.12 - 0.78 |
0.67 |
0.84 |
| Context for strategy and rivalry |
0.48 |
0.11 - 0.87 |
0.53 |
0.78 |
| Supporting and related industries and clusters |
0.61 |
0.46 - 0.81 |
0.68 |
0.81 |
| Strategy and operational effectiveness |
0.57 |
0.35 - 0.82 |
0.59 |
0.84 |
| Organizational practices |
0.54 |
0.46 - 0.77 |
0.73 |
0.85 |
| Internationalization of firms |
0.57 |
0.56 - 0.90 |
0.76 |
0.88 |
| Macro-level policies | 0.53 | 0.48 - 0.92 | 0.63 | 0.89 |