Variable

Obs

W

V

z

Prob > z

Profit Ability

A1

518

0.97302

9.370

5.387

0.00000

A2

518

0.04726

330.876

13.969

0.00000

A3

518

0.13623

299.976

13.733

0.00000

Paying Ability

B1

518

0.15091

294.878

13.691

0.00000

B2

518

0.97388

9.072

5.309

0.00000

B3

518

0.40813

205.548

12.822

0.00000

B4

518

0.32543

234.270

13.137

0.00000

B5

518

0.48086

180.292

12.507

0.00000

Operation Ability

C1

518

0.03336

335.703

14.004

0.00000

C2

518

0.87186

44.500

9.138

0.00000

C3

518

0.84167

54.985

9.648

0.00000

C4

518

0.02051

340.163

14.035

0.00000

C5

518

0.95108

16.988

6.820

0.00000

Development Ability

D1

518

0.29769

243.903

13.234

0.00000

D2

518

0.03509

335.101

13.999

0.00000

D3

518

0.03693

334.464

13.995

0.00000

D4

518

0.29387

245.231

13.247

0.00000

D5

518

0.30852

240.143

13.197

0.00000

D6

518

0.09234

315.219

13.852

0.00000

D7

518

0.14689

296.274

13.703

0.00000

D8

518

0.29541

244.696

13.242

0.00000

D9

518

0.30784

240.379

13.199

0.00000