A Exploratory Factor Analysis, Validation and Reliability of the ‘Perceived Socio-Economic Sustainability’ Scale: An Entrepreneurship and Economic Corridors Perspective

Abstract

This research aimed to develop & test the scale for perceived socioeconomic sustainability (PSES). Data was collected from 425 experienced industrial entrepreneurs by survey method of data collection. Findings suggested that the statistically tested form of the PSES scale has consisted of 11-items under single factor. Further, this study displays statistical process by using Exploratory Factor Analysis (EFA) technique to ensure validity and reliability as testimony for the instrument-development. The scale for PSES, developed by this study, will be helpful for scholars for measurement of ‘perception’ of different stakeholders of entrepreneurial ecosystem like financial institutions, media, Government, and service industry etc.