Table 6 Cox proportional hazards model...

Table 6

Cox proportional hazards model estimates for combined management and supervisory board

Variable	Coefficient	Standard error	p-value
GENDER	−0.0520	0.0339	0.1251
ALTMAN-Z	0.0004	0.0002	0.0203
CLIFF	−0.0004	0.0002	0.0496
DEBT	0.0072	0.0022	0.0009
SIZE	−0.0856	0.0068	0.0000
FAMILY	−0.1359	0.0255	0.0000
STATE	0.4136	0.0438	0.0000
CODE	−0.9952	0.0239	0.0000
I_2XX	0.0145	0.0564	0.7976
I_3XX	0.0141	0.0448	0.7532
I_4XX	−0.1150	0.0353	0.0011
I_5XX	−0.0232	0.0450	0.6064
I_6XX	−0.0894	0.0442	0.0432
I_7XX	−0.1871	0.0560	0.0008
I_8XX	−0.2006	0.0462	0.0000
Likelihood ratio test		2,173	0.0000
Wald test		2,225	0.0000
Score (logrank) test		2,383	0.0000
R-squared Cox–Snell			0.1760
Concordance			0.6530
Number of observations			9,775

Variable	Coefficient	Standard error	p-value
GENDER	−0.0520	0.0339	0.1251
ALTMAN-Z	0.0004	0.0002	0.0203
CLIFF	−0.0004	0.0002	0.0496
DEBT	0.0072	0.0022	0.0009
SIZE	−0.0856	0.0068	0.0000
FAMILY	−0.1359	0.0255	0.0000
STATE	0.4136	0.0438	0.0000
CODE	−0.9952	0.0239	0.0000
I_2XX	0.0145	0.0564	0.7976
I_3XX	0.0141	0.0448	0.7532
I_4XX	−0.1150	0.0353	0.0011
I_5XX	−0.0232	0.0450	0.6064
I_6XX	−0.0894	0.0442	0.0432
I_7XX	−0.1871	0.0560	0.0008
I_8XX	−0.2006	0.0462	0.0000
Likelihood ratio test		2,173	0.0000
Wald test		2,225	0.0000
Score (logrank) test		2,383	0.0000
R-squared Cox–Snell			0.1760
Concordance			0.6530
Number of observations			9,775

Source(s): Authors’ elaboration

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