Skip to main content

Table 10 Descriptive Statistics for Zmijewski Model

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

Sample

Statistic

NITL

TLTA

CACL

Estimation

   

 Distressed (N = 65)

Mean

−0.191

1.649

2.519

 

SD

0.230

0.958

3.980

 Non-Distressed (N = 65)

Mean

0.360

1.131

3.496

 

SD

2.586

0.861

6.428

Holdout

    

 Distressed (N = 390

Mean

−0.192

3.054

2.603

 

SD

0.602

3.173

2.925

 Non-Distressed (N = 39)

Mean

0.094

1.043

4.693

 

SD

0.160

1.205

6.526

  1. Source: Author’s estimation