Table 4

Exploratory factor analysis of offshoring drivers 2010–2015 and 2020–2022

PeriodConstructItemsFactor loadings
2010–2015DevelopmentAccess to technology0.862
Access to skills and knowledge0.859
Proximity to R&D0.778
Access to raw materials0.756
Cronbach’s alpha0.880
Eigenvalue3.055
% of variance explained33.948
Time and flexibility vs. labor costLead-time0.834
Risk0.751
Flexibility0.730
(Labor cost)(−0.548)
Cronbach’s alpha0.769*
Eigenvalue2.099
% of variance explained23.324
CostLogistics cost0.898
Changes in currency exchange rate0.754
Cronbach’s alpha0.710
Eigenvalue1.633
% of variance explained18.149
2020–2022Trade and competencesTrade barriers0.921
Country-specific conditions0.882
Lack of qualified personnel0.873
Proximity to R&D0.690
Cronbach’s alpha0.896
Eigenvalue3.177
% of variance explained26.479
Time and flexibility vs. labor costFlexibility0.818
Lead-time0.756
Risk0.683
(Labor cost)(−0.697)
Cronbach’s alpha0.773*
Eigenvalue2.299
% of variance explained19.161
Market proximityProduction close to or in market0.898
Logistics cost0.836
Cronbach’s alpha0.828
Eigenvalue1.929
% of variance explained16.073
DevelopmentAccess to technology0.907
Access to skills and knowledge0.828
Cronbach’s alpha0.793
Eigenvalue1.894
% of variance explained15.785

Note(s): *A combination of positive and negative factor loadings will inevitably lead to low Cronbach’s alpha values. If labor cost is included in this construct, the Cronbach’s alpha is 0.549 for 2010–2015 and 0.198 for 2020–2022

Source(s): Authors’ own elaboration

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