Statistic | Altman (1968) Model | Re-estimated Model | Ohlson (1980) Model | Re-estimated Model | Zmijewski (1984) Model | Re-estimated Model | New Model |
---|---|---|---|---|---|---|---|
WCTA | 1.2a | 0.076a | −1.4b | −5.216c |  |  |  |
RETA | 1.4a | 1.464a | Â | Â | Â | Â | Â |
EBITA | 3.3a | −0.63a |  |  |  |  |  |
BVEBVD | 0.6a | 3.474a |  |  |  |  | −13.86a |
SLTA | 0.99 | 0.028a |  |  |  |  | −1.113c |
SIZE |  |  | −0.4a | 0.079 |  |  |  |
TLTA | Â | Â | 6.03a | 1.623 | 5.7a | 0.586a | Â |
CLCA |  |  | 0.1b | −2.973b |  |  |  |
OENEG |  |  | −2.4a | 2.836b |  |  |  |
NITA |  |  | −1.8b | −29.676a |  |  | −18.76b |
FUTL |  |  | 0.3a | −2.559 |  |  |  |
INTWO |  |  | −1.7 | 0.337 |  |  |  |
CHIN |  |  | −0.5a | 1.73c |  |  |  |
NITL |  |  |  |  | −4.5a | −13.797a | −34.354b |
CACL | Â | Â | Â | Â | 0.004b | 0.01 | Â |
Constant |  | −0.425 | −1.3 | −2.454c | −4.3a | −1.522a | −0.604 |
LR |  |  | 0.839d | −15.952 | 203.78 | −33.296 | 164.956 |
P-value | Â | Â | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |