Table 6 Logistic regression results... | Emerald Publishing

Table 6

Logistic regression results

Variables	M-Score	M-Score (modified)	M-Score (5-element)	F-score
Constant	−5.267*** (1.708)	−3.197** (1.276)	−0.027 (0.538)	−1.267** (0.521)
DSRI	0.388 (0.349)	0.561 (0.345)	0.515* (0.302)
GMI	0.004 (0.090)	−0.020 (0.079)	−0.070 (0.078)
AQI	0.119 (0.272)	0.027 (0.099)	0.025 (0.108)
SGI	−0.004 (0.059)	0.010 (0.048)	−0.007 (0.040)
DEPI	−0.133 (0.557)	−0.737 (0.519)	−0.542 (0.418)
SGAI	1.219* (0.732)	0.999 (0.640)
LEVI	3.401*** (1.133)	1.893** (0.745)
TATA	2.387 (1.754)
ACCRUALS		−1.513 (1.181)
RSST				0.058 (0.151)
CH_REC				2.673 (1.934)
CH_INV				−3.273 (2.641)
SOFT_ASSETS				1.479* (0.807)
CH_CS				−0.291 (0.304)
CH_ROA				−2.248** (1.134)
ISSUE				0.831** (0.414)
Observations	120	120	120	120
Pseudo R-squared	21.6%	21.5%	7.9%	11.6%

Variables	M-Score	M-Score (modified)	M-Score (5-element)	F-score
Constant	−5.267*** (1.708)	−3.197** (1.276)	−0.027 (0.538)	−1.267** (0.521)
DSRI	0.388 (0.349)	0.561 (0.345)	0.515* (0.302)
GMI	0.004 (0.090)	−0.020 (0.079)	−0.070 (0.078)
AQI	0.119 (0.272)	0.027 (0.099)	0.025 (0.108)
SGI	−0.004 (0.059)	0.010 (0.048)	−0.007 (0.040)
DEPI	−0.133 (0.557)	−0.737 (0.519)	−0.542 (0.418)
SGAI	1.219* (0.732)	0.999 (0.640)
LEVI	3.401*** (1.133)	1.893** (0.745)
TATA	2.387 (1.754)
ACCRUALS		−1.513 (1.181)
RSST				0.058 (0.151)
CH_REC				2.673 (1.934)
CH_INV				−3.273 (2.641)
SOFT_ASSETS				1.479* (0.807)
CH_CS				−0.291 (0.304)
CH_ROA				−2.248** (1.134)
ISSUE				0.831** (0.414)
Observations	120	120	120	120
Pseudo R-squared	21.6%	21.5%	7.9%	11.6%

Note(s): Standard deviations are in parentheses. Variables are defined in Tables 1 and 2, where ***, ** and * denote significance at the 1, 5 and 10% levels, respectively

Source(s): Authors’ own elaboration