Results of LDA for testing data
| Misclassification errors | Prediction accuracy | ||
|---|---|---|---|
| Distressed firms | Non-distressed firms | ||
| Overall sample | 9.43 | 8.57 | 82.00 |
| Italy | 6.30 | 10.37 | 83.33 |
| France | 13.11 | 11.48 | 75.41 |
| Spain | 0.00 | 19.05 | 80.95 |
| Misclassification errors | Prediction accuracy | ||
|---|---|---|---|
| Distressed firms | Non-distressed firms | ||
| Overall sample | 9.43 | 8.57 | 82.00 |
| Italy | 6.30 | 10.37 | 83.33 |
| France | 13.11 | 11.48 | 75.41 |
| Spain | 0.00 | 19.05 | 80.95 |
Note(s): All values are presented in percentages
Source(s): Table created by author
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