|
| Variable | Z | Prob > |z| |
| Profit Ability | A1 | 7.215 | 0.0000 |
| A2 | 11.560 | 0.0000 | |
| A3 | 3.470 | 0.0005 | |
| Paying Ability | B1 | −7.388 | 0.0000 |
| B2 | 7.726 | 0.0000 | |
| B3 | 11.236 | 0.0000 | |
| B4 | 8.391 | 0.0000 | |
| B5 | 3.993 | 0.0001 | |
| Operation Ability | C1 | −0.308 | 0.7584 |
| C2 | −0.265 | 0.7912 | |
| C3 | 4.180 | 0.0000 | |
| C4 | 6.719 | 0.0000 | |
| C5 | 3.007 | 0.0026 | |
| Development Ability | D1 | −5.705 | 0.0000 |
| D2 | 6.017 | 0.0000 | |
| D3 | −3.939 | 0.0001 | |
| D4 | −5.969 | 0.0000 | |
| D5 | −5.248 | 0.0000 | |
| D6 | −0.561 | 0.5746 | |
| D7 | 5.503 | 0.0000 | |
| D8 | 10.982 | 0.0000 | |
| D9 | −5.112 | 0.0000 |