Table 1 Sample distribution by year Year...

Table 1

Sample distribution by year

Year	ETR1	Financial_D	Financial_Ratio	No. of obs.
Panel A distribution of the ETR1 regression sample
2009	0.1636	0.2556	0.0556	1,287
2010	0.1944	0.2381	0.0534	1,403
2011	0.1999	0.2513	0.0531	1,675
2012	0.1960	0.2476	0.0484	2,185
2013	0.2007	0.2377	0.0446	2,175
2014	0.2021	0.2455	0.0474	2,379
2015	0.1908	0.2381	0.0458	2,482
2016	0.2119	0.2263	0.0443	1,622
2017	0.2106	0.2685	0.0510	1,631
2018	0.1802	0.3168	0.0604	1,414
Total				18,253
Panel B distribution of the ETR2 regression sample
2009	0.1601	0.2517	0.0543	1,430
2010	0.1682	0.2373	0.0530	1,576
2011	0.1718	0.2446	0.0513	1,909
2012	0.1751	0.2481	0.0485	2,209
2013	0.1773	0.2421	0.0453	2,214
2014	0.1667	0.2455	0.0474	2,379
2015	0.1567	0.2384	0.0458	2,483
2016	0.1718	0.2198	0.0414	2,662
2017	0.1652	0.2553	0.0480	2,836
2018	0.1392	0.3139	0.0601	2,214
Total				21,912
Panel C distribution of the BTD1 regression sample
2009	0.0157	0.2636	0.0574	1,081
2010	0.0153	0.2429	0.0540	1,268
2011	−0.0001	0.2555	0.0530	1,491
2012	−0.0018	0.2530	0.0495	1,893
2013	−0.0032	0.2417	0.0447	1,895
2014	0.0091	0.2448	0.0469	2,034
2015	0.0009	0.2486	0.0474	2,019
2016	0.0101	0.2269	0.0449	1,459
2017	−0.0012	0.2685	0.0502	1,449
2018	0.0019	0.3051	0.0579	1,157
Total				15,746
Panel D distribution of the BTD1 regression sample
2009	0.0126	0.2636	0.0574	1,081
2010	0.0112	0.2429	0.0540	1,268
2011	−0.0015	0.2555	0.0530	1,491
2012	−0.0015	0.2526	0.0494	1,892
2013	−0.0032	0.2414	0.0446	1,893
2014	0.0078	0.2450	0.0469	2,033
2015	0.0012	0.2486	0.0474	2,019
2016	0.0086	0.2269	0.0449	1,459
2017	−0.0010	0.2687	0.0503	1,444
2018	0.0018	0.2999	0.0569	1,087
Total				15,667

Year	ETR1	Financial_D	Financial_Ratio	No. of obs.
Panel A distribution of the ETR1 regression sample
2009	0.1636	0.2556	0.0556	1,287
2010	0.1944	0.2381	0.0534	1,403
2011	0.1999	0.2513	0.0531	1,675
2012	0.1960	0.2476	0.0484	2,185
2013	0.2007	0.2377	0.0446	2,175
2014	0.2021	0.2455	0.0474	2,379
2015	0.1908	0.2381	0.0458	2,482
2016	0.2119	0.2263	0.0443	1,622
2017	0.2106	0.2685	0.0510	1,631
2018	0.1802	0.3168	0.0604	1,414
Total				18,253
Panel B distribution of the ETR2 regression sample
2009	0.1601	0.2517	0.0543	1,430
2010	0.1682	0.2373	0.0530	1,576
2011	0.1718	0.2446	0.0513	1,909
2012	0.1751	0.2481	0.0485	2,209
2013	0.1773	0.2421	0.0453	2,214
2014	0.1667	0.2455	0.0474	2,379
2015	0.1567	0.2384	0.0458	2,483
2016	0.1718	0.2198	0.0414	2,662
2017	0.1652	0.2553	0.0480	2,836
2018	0.1392	0.3139	0.0601	2,214
Total				21,912
Panel C distribution of the BTD1 regression sample
2009	0.0157	0.2636	0.0574	1,081
2010	0.0153	0.2429	0.0540	1,268
2011	−0.0001	0.2555	0.0530	1,491
2012	−0.0018	0.2530	0.0495	1,893
2013	−0.0032	0.2417	0.0447	1,895
2014	0.0091	0.2448	0.0469	2,034
2015	0.0009	0.2486	0.0474	2,019
2016	0.0101	0.2269	0.0449	1,459
2017	−0.0012	0.2685	0.0502	1,449
2018	0.0019	0.3051	0.0579	1,157
Total				15,746
Panel D distribution of the BTD1 regression sample
2009	0.0126	0.2636	0.0574	1,081
2010	0.0112	0.2429	0.0540	1,268
2011	−0.0015	0.2555	0.0530	1,491
2012	−0.0015	0.2526	0.0494	1,892
2013	−0.0032	0.2414	0.0446	1,893
2014	0.0078	0.2450	0.0469	2,033
2015	0.0012	0.2486	0.0474	2,019
2016	0.0086	0.2269	0.0449	1,459
2017	−0.0010	0.2687	0.0503	1,444
2018	0.0018	0.2999	0.0569	1,087
Total				15,667

Note(s): The table summarizes the annual sample distribution, together with the measures of corporate tax aggressiveness and the attributes of managerial financial experience

Source(s): Authors’ own work

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