Sample selection and distribution
| Panel A. Sample selection | |
|---|---|
| Initial sample UK firms (FTSE 100), 2015–2021 | 700 |
| Less: Missing due to non-availability of data | 70 |
| Final sample | 630 |
| Panel A. Sample selection | |
|---|---|
| Initial sample UK firms (FTSE 100), 2015–2021 | 700 |
| Less: Missing due to non-availability of data | 70 |
| Final sample | 630 |
| Panel B: Sample distribution by industry | ||
|---|---|---|
| Fama-French industry code (12 industries) | Frequency | Percent |
| Consumer Nondurables | 35 | 5.56 |
| Manufacturing | 63 | 10.00 |
| Oil, Gas, and Coal Extraction and Products | 14 | 2.22 |
| Chemicals and Allied Products | 21 | 3.33 |
| Business Equipment | 49 | 7.78 |
| Telephone and Television Transmission | 14 | 2.22 |
| Utilities | 35 | 5.56 |
| Wholesale, Retail, and Some Services | 91 | 14.44 |
| Healthcare, Medical Equipment, and Drugs | 28 | 4.44 |
| Finance | 154 | 24.44 |
| Other | 126 | 20.00 |
| Total | 630 | 100.00 |
| Panel B: Sample distribution by industry | ||
|---|---|---|
| Fama-French industry code (12 industries) | Frequency | Percent |
| Consumer Nondurables | 35 | 5.56 |
| Manufacturing | 63 | 10.00 |
| Oil, Gas, and Coal Extraction and Products | 14 | 2.22 |
| Chemicals and Allied Products | 21 | 3.33 |
| Business Equipment | 49 | 7.78 |
| Telephone and Television Transmission | 14 | 2.22 |
| Utilities | 35 | 5.56 |
| Wholesale, Retail, and Some Services | 91 | 14.44 |
| Healthcare, Medical Equipment, and Drugs | 28 | 4.44 |
| Finance | 154 | 24.44 |
| Other | 126 | 20.00 |
| Total | 630 | 100.00 |