Table 5 Summary of the logistic regression analysis. Variables included in the final model of bankruptcy (pseudo-\(R^{2} = 0.06\)). Parameter estimates β with 95% confidence intervals (CI) are provided. In the table we report industry categories with significant impact in the model. \(* p < 0.05\), \({{*}{*}} p < 0.01\), \({*{*}*} p < 0.001\)

−2.872

0.466

−6.16

<0.001∗∗∗

−3.786

−1.958

0.428

0.058

7.332

<0.001∗∗∗

0.313

0.542

0.737

0.058

12.616

<0.001∗∗∗

0.622

0.851

0.173

0.027

6.503

<0.001∗∗∗

0.121

0.226

−0.275

0.08

−3.445

0.001∗∗∗

−0.431

−0.118

1.405

0.472

2.976

0.003∗∗

0.48

2.33

−2.177

0.744

−2.927

0.003∗∗

−3.634

−0.719

1.171

0.512

2.286

0.022∗

0.167

2.176

1.389

0.62

2.241

0.025∗

0.174

2.604

1.276

0.598

2.134

0.033∗

0.104

2.45

1.0952

0.539

2.032

0.042∗

0.039

2.152

1.172

0.583

2.01

0.044∗

0.029

2.315

0.980

0.497

1.974

0.048∗

0.007

1.954