Logit re-estimation of the models’ coefficients
| Models | Altman | Ohlson | Zmijewski | |||
|---|---|---|---|---|---|---|
| Constant | 0.877** (0.030) | Constant | −0.174 (0.232) | Constant | −4.049** (0.082) | |
| X1 | −0.192* (0.076) | SIZE | −0.422** (0.024) | ROA | −4.260** (0.220) | |
| X2 | −0.650** (0.075) | TLTA | 5.167** (0.133) | FINL | 5.279** (0.103) | |
| X3 | −8.314** (0.289) | WCTA | −0.155 (0.090) | LIQ | −0.014 (0.007) | |
| X4 | −1.933** (0.063) | CLCA | 0.005 (0.006) | |||
| OENEG | −0.110 (0.098) | |||||
| NITA | −2.169** (0.563) | |||||
| FUTL | −3.095** (0.320) | |||||
| INTWO | −0.179** (0.068) | |||||
| CHIN | −0.727** (0.042) | |||||
| Pseudo R2 | 0.430 | 0.463 | 0.395 | |||
| LR statistic | 10733.32** | 11706.84** | 9844.81** | |||
| Deviance | 14222.75 | 13681.56 | 15111.26 | |||
| Mean VIF | 1.57 | 1.73 | 1.23 | |||
| Models | Altman | Ohlson | Zmijewski | |||
|---|---|---|---|---|---|---|
| Constant | 0.877** (0.030) | Constant | −0.174 (0.232) | Constant | −4.049** (0.082) | |
| X1 | −0.192* (0.076) | SIZE | −0.422** (0.024) | ROA | −4.260** (0.220) | |
| X2 | −0.650** (0.075) | TLTA | 5.167** (0.133) | FINL | 5.279** (0.103) | |
| X3 | −8.314** (0.289) | WCTA | −0.155 (0.090) | LIQ | −0.014 (0.007) | |
| X4 | −1.933** (0.063) | CLCA | 0.005 (0.006) | |||
| OENEG | −0.110 (0.098) | |||||
| NITA | −2.169** (0.563) | |||||
| FUTL | −3.095** (0.320) | |||||
| INTWO | −0.179** (0.068) | |||||
| CHIN | −0.727** (0.042) | |||||
| Pseudo | 0.430 | 0.463 | 0.395 | |||
| LR statistic | 10733.32** | 11706.84** | 9844.81** | |||
| Deviance | 14222.75 | 13681.56 | 15111.26 | |||
| Mean VIF | 1.57 | 1.73 | 1.23 | |||
Note(s): Standard errors in parentheses. * and ** represent statistical significance at the 5% and 1% levels, respectively
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