Dear researchers,
I am a PhD student – studying financial performance (FP) of banks as an outcome along with other independent factors. FP data will be obtained from financial reports (Ratios)- my question how to integrate the ratios with the survey responses of the other factors (measured using Likert scale) in order to perform statistics measures using SEM.
Will be that possible to do it manually by assigning a number for each ratio and if the obtained ratio of the bank is good then the number will be given.
I appreciate the response.
Dear Amal,
You can create strata from your secondary data to convert continuous variables (in this context, FP ratios) to categorical variables. For instance, you can designate the banks as low performers (assign code 1), modest/ moderate performers ( assign code 2) and high performers ( assign code 3); in this manner, you create a scale for the secondary data, which can then be combined with your survey data to run SEM
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