Confirmatory factor analysis of the adaptation guidelines to technology disruption problems Online publication date: Mon, 10-Jun-2024
by Chatchai Poungsuwan; Kanyarat Sukhawatthanakun; Raknarin Sanrach
International Journal of Business Continuity and Risk Management (IJBCRM), Vol. 14, No. 2, 2024
Abstract: This research aimed to examine the second-order confirmatory factors of the adaptation guidelines to technology disruption problems of Thai financial institutions and to turn the efficient practices strategies into a guidelines model. This study was a qualitative and quantitative mixed method research. First, the quantitative data was gathered from 500 executives of Thai financial institutions via questionnaires. Then, descriptive, inference, and multivariate statistics were used to analyse the collected data. Finally, the empirical evidence data from Thai financial institutions were supported by the developed confirmatory factor and second-order confirmatory factor analysis models and passed the evaluation standards. As a result, the four latent variables comprising workforce management, competitiveness, resource management, and business development are suitable for Thai financial institutions' strategies to handle the technology disruption problems.
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