Document Type : Original Research Article

Author

Department of Chemical Engineering, Calgary University, Canada

Abstract

In this article, the effect of seven factors including human resources, management and leadership, external processes, internal processes, production and procurement, economic issues and finally marketing on the financial performance of the Persian Gulf petrochemical companies were investigated. In order to evaluate the appropriateness of the questionnaire with the objectives of the research, the method of confirmatory factor analysis (CFA) had been used. Based on the results, all corresponding criteria as Cronbach's alpha coefficient, combined reliability coefficient (CR), average extracted variance (AVE) and significance of factor loads between questions and latent variables show divergent validity and correspondent of the questionnaire. Meanwhile, due to the lack of normal distribution of data, non-parametric analysis had been conducted. Utilizing of corresponding test approved the main hypothesis of the research regarding the effectiveness of all under investigation parameters. On the other hand according to Friedman ranking test, the parameters named internal processes and external environment of the organization represented the highest and the lowest rank of impact on the financial performance of the organizations under review, respectively.

Graphical Abstract

CFA Performance Evaluation: a Comprehensive Structural Equation Modeling

Keywords

Main Subjects

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