Table 1: Sample distribution by industry...

Table 1:

Sample distribution by industry and year.

Panel A. Sample distribution by industry
#	Industry	N	%
1	Agriculture	37	0.18
2	Food products	441	2.20
3	Candy & soda	30	0.15
4	Beer & liquor	90	0.45
5	Tobacco products	38	0.19
6	Recreation	126	0.63
7	Entertainment	299	1.49
8	Printing & publishing	168	0.84
9	Consumer goods	388	1.94
10	Apparel	400	2.00
11	Healthcare	317	1.58
12	Medical equipment	780	3.89
13	Pharmaceutical products	791	3.95
14	Chemicals	627	3.13
15	Rubber & plastic products	163	0.81
16	Textile	65	0.32
17	Construction materials	498	2.49
18	Construction	449	2.24
19	Steel works	327	1.63
20	Fabricated products	40	0.20
21	Machinery	992	4.95
22	Electrical equipment	339	1.69
23	Automobiles & truck	447	2.23
24	Aircraft	203	1.01
25	Shipbuilding & industrial metal mining	81	0.40
26	Defense	26	0.13
27	Precious metals	47	0.23
28	Non-metallic & industrial metal mining	125	0.62
29	Coal	71	0.35
30	Petroleum & natural gas	992	4.95
32	Communication	599	2.99
33	Personal services	329	1.64
34	Business services	2832	14.13
35	Computers	862	4.30
36	Electronic equipment	1591	7.94
37	Measuring & control equipment	563	2.81
38	Business supplies	318	1.59
39	Shipping containers	137	0.68
40	Transportation	425	2.12
41	Wholesale	865	4.32
42	Retail	1664	8.30
43	Restaurants, hotels & motels	437	2.18
46	Real estate	19	0.09
	Total	20,038	100.00

Panel A. Sample distribution by industry
#	Industry	N	%
1	Agriculture	37	0.18
2	Food products	441	2.20
3	Candy & soda	30	0.15
4	Beer & liquor	90	0.45
5	Tobacco products	38	0.19
6	Recreation	126	0.63
7	Entertainment	299	1.49
8	Printing & publishing	168	0.84
9	Consumer goods	388	1.94
10	Apparel	400	2.00
11	Healthcare	317	1.58
12	Medical equipment	780	3.89
13	Pharmaceutical products	791	3.95
14	Chemicals	627	3.13
15	Rubber & plastic products	163	0.81
16	Textile	65	0.32
17	Construction materials	498	2.49
18	Construction	449	2.24
19	Steel works	327	1.63
20	Fabricated products	40	0.20
21	Machinery	992	4.95
22	Electrical equipment	339	1.69
23	Automobiles & truck	447	2.23
24	Aircraft	203	1.01
25	Shipbuilding & industrial metal mining	81	0.40
26	Defense	26	0.13
27	Precious metals	47	0.23
28	Non-metallic & industrial metal mining	125	0.62
29	Coal	71	0.35
30	Petroleum & natural gas	992	4.95
32	Communication	599	2.99
33	Personal services	329	1.64
34	Business services	2832	14.13
35	Computers	862	4.30
36	Electronic equipment	1591	7.94
37	Measuring & control equipment	563	2.81
38	Business supplies	318	1.59
39	Shipping containers	137	0.68
40	Transportation	425	2.12
41	Wholesale	865	4.32
42	Retail	1664	8.30
43	Restaurants, hotels & motels	437	2.18
46	Real estate	19	0.09
	Total	20,038	100.00

Panel B. Sample distribution by year
Year	N	%
2004	446	2.23
2005	1,059	5.28
2006	1,105	5.51
2007	1,110	5.54
2008	1,177	5.87
2009	1,254	6.26
2010	1,315	6.56
2011	1,324	6.61
2012	1,369	6.83
2013	1,332	6.65
2014	1,349	6.73
2015	1,213	6.05
2016	1,204	6.01
2017	1,146	5.72
2018	1,139	5.68
2019	1,163	5.80
2020	1,333	6.65
Total	20,038	100.00

Panel B. Sample distribution by year
Year	N	%
2004	446	2.23
2005	1,059	5.28
2006	1,105	5.51
2007	1,110	5.54
2008	1,177	5.87
2009	1,254	6.26
2010	1,315	6.56
2011	1,324	6.61
2012	1,369	6.83
2013	1,332	6.65
2014	1,349	6.73
2015	1,213	6.05
2016	1,204	6.01
2017	1,146	5.72
2018	1,139	5.68
2019	1,163	5.80
2020	1,333	6.65
Total	20,038	100.00

Note: This table presents the Fama—French (1997) 48-industry and fiscal year distributions for our sample of 20,038 firm-year observations representing 2,547 unique firms.

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