Financial Innovation

Table 7 Results of Logit Model 1 and 2

From: Re-estimation and comparisons of alternative accounting based bankruptcy prediction models for Indian companies

	Model 1	Model 2
Variables	Coefficients	Coefficients
MVEBVD	−39.907	−13.8597^a
SLTA	−4.488	−1.11303^c
NITA	−72.776	−18.760^b
NITL	−107.685	−34.354^b
C	−7.012	−0.604
D1	13.256
D2	6.277
D3	−14.496
D4	Dropped
D5	−2.311
D6	8.592
D7	10.97
D8	Dropped
D9	3.865
D10	15.956
D11	Dropped
D12	−1.563
D13	Dropped
D14	7.767
LR Ratio	172.219	164.956
p-Value	0.000	0.000

Note: ^a, ^b and ^csignifies the level of significance at 1 %, 5 %, and 10 % respectively and LR is log likelihood ratio
Source: Author’s estimation

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