Herd Behavior and Its Effects on Default in Chinese Microcredit

Table 3

The interpreted total variance.

Common factors	Initial eigenvalue			Sum of squares extracted			Sum of squares rotated
	Total	Var. (%)	Cumulative sum (%)	Total	Var. (%)	Cumulative sum (%)	Total	Var. (%)	Cumulative sum (%)
1	3.12	23.20	23.20	3.52	21.87	21.87	3.05	21.06	21.06
2	2.36	19.01	42.21	3.01	19.11	40.98	2.65	17.30	38.36
3	1.83	16.33	58.54	2.85	17.63	58.61	2.14	16.48	54.83
4	1.49	14.25	72.80	1.90	15.20	73.81	1.68	15.24	70.07
5	1.01	11.04	83.83	1.53	10.02	83.83	1.21	13.76	83.83