Applying Exploratory Factor Analysis (EFA) to Identify Factors Affecting Business Performance at Vinacomin- Mao Khe Coal Company

Abstract

Business performance is an important economic indicator and a valuable source of information for managerial decisions as well as scientific research. Based on a review of studies on factors influencing business performance, this paper employs a quantitative research approach to identify the determinants of business performance at Mao Khe Coal Company – Vinacomin. From the perspective of material flow dynamics, business performance is formed through the stages of production preparation, production, consumption, and outsourcing. The research team used a five-point Likert scale to design a survey questionnaire. After eliminating invalid responses, the collected data were analyzed using Cronbach’s Alpha reliability testing, Exploratory Factor Analysis (EFA), correlation analysis, and regression analysis with SPSS 27 software. The results reveal three groups of factors influencing business performance at Mao Khe Coal Company – Vinacomin, corresponding to production, consumption, and outsourcing activities. The regression analysis is statistically significant at the 0,05 level and explains 68,2% of the variance in business performance. Among these, the production-related factors have the strongest impact, with a standardized coefficient of 0,554, followed by consumption and outsourcing factors.