Confirmatory factor analysis of motivation factors and maintenance factors affecting the risk of community financial organizations under COVID-19 circumstances

Authors

  • Rathiya Songsuk Faculty of Business Administration and Information Technology, Rajamangala University of Technology Tawan-ok
  • Angkana Leerattananugulsiri Faculty of Business Administration and Information Technology, Rajamangala University of Technology Tawan-ok
  • Teerada Boonpamee Faculty of Business Administration and Information Technology, Rajamangala University of Technology Tawan-ok

Keywords:

Community Financial Organizations, Motivation Factors, Maintenance Factors, Risk, Confirmatory Factor Analysis

Abstract

This research aimed to 1. study the motivating and sustaining factors of community financial organizations, 2. study the risks of community financial organizations, and 3. analyze the confirmatory factor analysis of factors affecting the risk of community financial organizations under COVID-19 circumstances. This was a quantitative study using the confirmatory factor analysis technique to check the consistency of the measurement model of the factors affecting the risk of community financial organizations under COVID-19 circumstances. The sample used in the research consisted of 10 community financial institutions, with a quota of 20 people per institution, totaling 200 participants. Data were collected using questionnaires and analyzed using statistical software. The statistics used in the data analysis included percentage, mean, and standard deviation, while inferential statistics included Confirmatory Factor Analysis (CFA). The research results found that after adjusting the confirmatory factor model, the motivation variable (FO) had CMIN/df = 2.807, CFI = 0.945, IFI = 0.938, RMR = 0.046, RMSEA = 0.044, and a p-value of Chi-square = 0.000. The maintenance factor variable (FH) had CMIN/df = 2.747, CFI = 0.935, IFI = 0.910, RMR = 0.010, RMSEA = 0.044, and a p-value of Chi-square = 0.000. The organizational risk management variable (RISK) had CMIN/df = 2.697, CFI = 0.934, IFI = 0.950, RMR = 0.034, RMSEA = 0.045, and a p-value of Chi-square = 0.000. Therefore, the confirmatory factor model was consistent with the empirical data.

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Published

2024-12-13

How to Cite

Songsuk, R., Leerattananugulsiri, A., & Boonpamee, T. (2024). Confirmatory factor analysis of motivation factors and maintenance factors affecting the risk of community financial organizations under COVID-19 circumstances. SUTHIPARITHAT JOURNAL, 38(4), 37–54. retrieved from https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/275251

Issue

Vol. 38 No. 4 (2024): ตุลาคม-ธันวาคม 2567

Section

Research Articles

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