Financial Ratios as Predictors of Failure: Evidence from ... - ERIM

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Appendix Seven Table 10 (continued) Model Summary Percentage Correct 78.218 79.208 -2 Log likelihood 101.122 97.363 Cox & Snell R Square 0.320 0.344 Nagelkerke R Square 0.426 0.459 Omnibus Tests <strong>of</strong> Model Coefficients Chi-square 38.894 42.653 df 12.000 15.000 sig 0.000** 0.000** Hosmer and Lemeshow Test Chi-square 4.774 4.556 df 8.000 8.000 sig 0.781 0.804 41
Appendix Eight Table 12 Cl<strong>as</strong>sification (Sample Two, 1 st year before default) Predicted Default Observed 0 1 Percentage Correct Default 0 68 3 95.8 The cut value is .500 1 11 19 63.3 Overall Percentage 86.1 42
Page 1 and 2: 17 Nov 2008 Financial Ratios as Pre
Page 3 and 4: Abstract This paper presents some e
Page 5 and 6: 1. Introduction One year after the
Page 7 and 8: However he did not find substantial
Page 9 and 10: interest in predicting bankruptcy b
Page 11 and 12: atios he employed in the research w
Page 13 and 14: there are specific statistical requ
Page 15 and 16: “returns”, “values” and “
Page 17 and 18: Table 2 Explanatory Variables Varia
Page 19 and 20: which results in high standard erro
Page 21 and 22: Table 7 Variables in the Equation (
Page 23 and 24: Summary. -2 log likelihood (-2LL) i
Page 25 and 26: predicted to be default, it is call
Page 27 and 28: estimation procedure. However it is
Page 29 and 30: Ohlson (1980)). In the second sampl
Page 31 and 32: Reference Altman, E. I., 1968, “F
Page 33 and 34: Hong Kong Society of Accountants, 1
Page 35 and 36: MDA Appendix One Table 1 Literature
Page 37 and 38: Appendix Two Table 4 Descriptive St
Page 39 and 40: Appendix Four Table 9 Coefficients
Page 41: Appendix Six Table 10 Coefficients

Financial Ratios as Predictors of Failure: Evidence from ... - ERIM

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