DISCRIMINANT

  /GROUPS=Dividend(0 1)
  /VARIABLES=ROE COC Age PEratio CR CRating ACmargin ACFTimes DYeild IndustryType
  /ANALYSIS ALL
  /OUTFILE=MODEL('DisAnalysis')
  /SAVE=SCORES
  /PRIORS EQUAL
  /STATISTICS=COEFF RAW CORR TABLE

  /CLASSIFY=NONMISSING POOLED.

Discriminant

Notes

Output Created 23-Feb-2011 19:45:53

Comments

Input Data C:\Users\Jai\Desktop\updated list.sav

Active Dataset DataSet1

Filter <none>

Weight <none>

Split File <none>

N of Rows in Working Data File 89

Missing Value Handling Definition of Missing User-defined missing values are treated as
missing in the analysis phase.

Cases Used In the analysis phase, cases with no user- or

system-missing values for any predictor
variable are used. Cases with user-, system-
missing, or out-of-range values for the
grouping variable are always excluded.

Syntax DISCRIMINANT
/GROUPS=Dividend(0 1)
/VARIABLES=ROE COC Age PEratio CR
CRating ACmargin ACFTimes DYeild
IndustryType
/ANALYSIS ALL
/OUTFILE=MODEL('DisAnalysis')
/SAVE=SCORES
/PRIORS EQUAL
/STATISTICS=COEFF RAW CORR TABLE
/CLASSIFY=NONMISSING POOLED.

Resources Processor Time 00:00:00.062

Elapsed Time 00:00:00.083

Variables Created or Modified Dis1_14 Discriminant Scores from Function 1 for
Analysis 1

Files Saved Model Information C:\Program Files

(x86)\SPSSInc\SPSS16\DisAnalysis

Number of unweighted cases written to the working file after

89
classification

[DataSet1] C:\Users\Jai\Desktop\updated list.sav

Analysis Case Processing Summary

Unweighted Cases N Percent

Valid 89 100.0

Excluded Missing or out-of-range group

0 .0
codes

At least one missing

0 .0
discriminating variable

Both missing or out-of-range

group codes and at least one 0 .0
missing discriminating variable

Total 0 .0

Total 89 100.0

Group Statistics

Valid N (listwise)

Paid or Not Paid Unweighted Weighted

Not Paid Return On Equity 27 27.000

Cost Of Capital 27 27.000

Age 27 27.000

PE Ratio 27 27.000

Current Ratio 27 27.000

Credit Rating 27 27.000

Adjusted Cash Margin 27 27.000

Adjusted Cash Flow Times 27 27.000

Dividend Yeild 27 27.000

Industry Type 27 27.000

Paid Return On Equity 62 62.000

Cost Of Capital 62 62.000

Age 62 62.000

PE Ratio 62 62.000

Current Ratio 62 62.000

Credit Rating 62 62.000

Adjusted Cash Margin 62 62.000

Adjusted Cash Flow Times 62 62.000

Dividend Yeild 62 62.000

Industry Type 62 62.000

Total Return On Equity 89 89.000

Cost Of Capital 89 89.000

Age 89 89.000

PE Ratio 89 89.000

Current Ratio 89 89.000

Credit Rating 89 89.000

Adjusted Cash Margin 89 89.000

Adjusted Cash Flow Times 89 89.000

Dividend Yeild 89 89.000

Industry Type 89 89.000

Pooled Within-Groups Matrices

Adjusted Cash Adjusted Cash

Return On Equity Cost Of Capital Age PE Ratio Current Ratio Credit Rating Margin Flow Times Dividend Yeild Industry Type

Correlation Return On Equity 1.000 -.245 .087 .109 .113 -.208 .303 -.011 .116 .056

Cost Of Capital -.245 1.000 -.170 -.020 .192 .194 -.033 .098 -.151 -.165

Age .087 -.170 1.000 .035 .024 -.212 -.016 .020 .003 -.017

PE Ratio .109 -.020 .035 1.000 -.016 .197 .183 -.097 -.078 .127

Current Ratio .113 .192 .024 -.016 1.000 .075 .382 -.238 -.125 .047

Credit Rating -.208 .194 -.212 .197 .075 1.000 -.114 .029 -.146 .191

Adjusted Cash Margin .303 -.033 -.016 .183 .382 -.114 1.000 -.259 .007 .026

Adjusted Cash Flow Times -.011 .098 .020 -.097 -.238 .029 -.259 1.000 .002 -.286

Dividend Yeild .116 -.151 .003 -.078 -.125 -.146 .007 .002 1.000 -.105

Industry Type .056 -.165 -.017 .127 .047 .191 .026 -.286 -.105 1.000
Analysis 1

Summary of Canonical Discriminant Functions

Eigenvalues

Canonical
Function Eigenvalue % of Variance Cumulative % Correlation

1 1.218a 100.0 100.0 .671

a. First 1 canonical discriminant functions were used in the analysis.

Wilks' Lambda

Test of
Function
(s) Wilks' Lambda Chi-square df Sig.

1 .450 49.023 10 .000

Standardized Canonical Discriminant Function

Coefficients

Function

Return On Equity .191

Cost Of Capital .243

Age .409

PE Ratio -.009

Current Ratio -.428

Credit Rating -.310

Adjusted Cash Margin .592

Adjusted Cash Flow Times .146

Dividend Yeild .438

Industry Type .138

Structure Matrix
 Function

Credit Rating -.524

Dividend Yeild .514

Adjusted Cash Margin .474

Age .432

Return On Equity .419

Current Ratio -.230

Cost Of Capital -.110

Adjusted Cash Flow Times .077

Industry Type -.051

PE Ratio .045

Pooled within-groups correlations between

discriminating variables and standardized
canonical discriminant functions
Variables ordered by absolute size of correlation
within function.

Canonical Discriminant Function Coefficients

Function

Return On Equity .005

Cost Of Capital .109

Age .014

PE Ratio .000

Current Ratio -.224

Credit Rating -.217

Adjusted Cash Margin .045

Adjusted Cash Flow Times .004

Dividend Yeild .356

Industry Type .035

(Constant) -2.297

Unstandardized coefficients
 Functions at Group
Centroids

Function
Paid or Not
Paid 1

Not Paid -1.355

Paid .590

Unstandardized canonical
discriminant functions
evaluated at group means

Classification Statistics

Classification Processing Summary

Processed 89

Excluded Missing or out-of-range group

0
codes

At least one missing

0
discriminating variable

Used in Output 89

Prior Probabilities for Groups

Cases Used in Analysis

Paid or Not
Paid Prior Unweighted Weighted

Not Paid .500 27 27.000

Paid .500 62 62.000

Total 1.000 89 89.000

Classification Function Coefficients

Paid or Not Paid

Not Paid Paid

Return On Equity .025 .034

Cost Of Capital 3.064 3.276

Age .076 .103

PE Ratio -.005 -.005

Current Ratio -.250 -.685

Credit Rating 1.207 .786

Adjusted Cash Margin .047 .135

Adjusted Cash Flow Times .015 .024

Dividend Yeild 1.392 2.085

Industry Type .693 .761

(Constant) -25.385 -29.110

Fisher's linear discriminant functions

Classification Resultsa

Predicted Group Membership

Paid or Not
Paid Not Paid Paid Total

Original Count Not Paid 23 4 27

Paid 8 54 62

% Not Paid 85.2 14.8 100.0

Paid 12.9 87.1 100.0

a. 86.5% of original grouped cases correctly classified.