Skip to main content

A Journal of University-Industry-Government Innovation and Entrepreneurship

Table 2 Latent factors to barriers to innovation (all respondents)

From: Barriers to innovation: the case of Ghana and implications for developing countries

Factor Number

Name of Factor

Variables

Factor Loading

Cronbach’s Alpha

Total Varience Explained

KMO

Bartlets Test of Sphericity

Chi Squared

Df

Significance

1

Skills-ICT Capability / Capacity

* Quality of Technically Trained Manpower

0.797

0.833

33.524

0.817

1,625.579

136

0.000

* Rate of Access to ICT

0.785

* ICT Capacity

0.760

* Lack of Technically Trained Manpower

0.695

2

Unsophisticated Markets*

* Lack of Demanding Customers

0.892

0.752

9.671

* Lack of Innovative Customers

0.839

* Lack of Competition

0.682

3

Deficient Fiscal Policy

* Lack of Finance

0.770

0.598

8.437

* Lack of Explicit Policy Support

0.737

4

Reduced Organisational Risks

* Excessive Percieved Economic Risk

−0.809

0.757

7.037

* Organisational Rigidities

−0.723

* Hierachical Organisations

−0.675

* Restrictive Public / Governmental Regulations

−0.653

Cumulative Total (CTVE)

58.669

  1. NB. Residuals are computed between observed and reproduced correlations. There are 68 (50.0%) non-redundant residuals with absolute values greater than 0.05