Table 4. Principal component analysis...

Table 4.

Principal component analysis (PCA)

Components	Item	PC1 financial literacy	PC2 financial diligence	PC3 financing preference	PC4 financial over-indebtedness
Financial literacy	FL4	0.808
	FL5	0.795
	FL3	0.787
	FL2	0.606
	FL1	0.418
Behavioral credit	BC9		0.916
	BC8		0.907
	BC11		0.721
	BC10		0.474
	BC4			0.683
	BC1			0.664
	BC3			0.539
	BC2			0.532
	BC7				0.808
	BC6				0.695
	BC5				0.575
α		0.811	0.836	0.701	0.737
No		1457	1457	1457	1457

Components	Item	PC1financial literacy	PC2financial diligence	PC3financing preference	PC4 financialover-indebtedness
Financial literacy	FL4	0.808
	FL5	0.795
	FL3	0.787
	FL2	0.606
	FL1	0.418
Behavioral credit	BC9		0.916
	BC8		0.907
	BC11		0.721
	BC10		0.474
	BC4			0.683
	BC1			0.664
	BC3			0.539
	BC2			0.532
	BC7				0.808
	BC6				0.695
	BC5				0.575
α		0.811	0.836	0.701	0.737
No		1457	1457	1457	1457

Note:

We conducted a principal component analysis on consumer credit behavior and financial literacy. To extract the components, we employed the Promax Method. We did not consider cross-loadings above 0.30, following the recommendation by Howard (2016)

Source: Authors’ own creation

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