A Hybrid Analysis Approach to Improve Financial Distress Forecasting: Empirical Evidence from Iran

Table 2

Estimated factor loading.

	Factor 1	Factor 2	Factor 3	Factor 4
TA	−0.06	0.84	0.19	0.21
CR	0.08	0.94	0.11	−0.07
QR	0.06	0.96	−0.03	0.02
DR	−1	−0.04	−0.03	−0.01
DER	−0.75	−0.04	−0.26	−0.39
SI	0.05	−0.03	−0.18	0.62
TLDS	−0.09	0.02	−0.09	0.91
SFA	0.02	0.11	0.82	0.02
STA	0.14	0.01	0.86	−0.02
ROS	1	0.03	0.03	0.02
ROE	0.98	0.09	0.07	−0.01
CLOE	−0.03	0.26	−0.33	0.68
TLOE	0.03	−0.56	−0.1	0.88
WCTA	1	0.05	0.04	0.01