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Financial Innovation

Table 2 Polychoric correlation matrix for financial literacy component

From: Impact of financial literacy, perceived access to finance, ICT use, and digitization on credit constraints: evidence from Qatari MSME importers

 

FL_1

FL_5

FL_8

FL_9

FL_10

FL_11

FL_12

Panel A: Polychoric correlation matrix

FL_1

1.0000

      

FL_5

0.5887

1.0000

     

FL_8

0.6447

0.4571

1.0000

    

FL_9

0.4950

0.4156

0.7798

1.0000

   

FL_10

0.5884

0.3982

0.7580

0.6748

1.0000

  

FL_11

0.5280

0.4911

0.7085

0.7025

0.7433

1.0000

 

FL_12

0.5418

0.4516

0.6329

0.6869

0.7256

0.7620

1.0000

k

Eigenvalues

Proportion explained

Cumulative explained (%)

Panel B: Polychoric PCA

1

4.7289

0.6756

67.56

2

0.7867

0.1124

78.79

3

0.4911

0.0702

85.81

4

0.3781

0.0540

91.21

5

0.2580

0.0369

94.90

6

0.2208

0.0315

98.05

7

0.1365

0.0195

100.00

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