Table 1. Sample selection process... | Emerald Publishing

Table 1.

Sample selection process

Description	Total	Banks	Non-Banking financial institutions
Panel A: Sample size
Total listed financial firms	59	36	23
Less: Listed after 2021 or incurring losses	13	7	6
Total final sample firms	46	29	17
Total firm-year observations	414	261	153
Less: Unavailability of data	73	20	53
Final sample firm-year observations	341	241 (71%)	100(29%)

Description	Total	Banks	Non-Banking financial institutions
Panel A: Sample size
Total listed financial firms	59	36	23
Less: Listed after 2021 or incurring losses	13	7	6
Total final sample firms	46	29	17
Total firm-year observations	414	261	153
Less: Unavailability of data	73	20	53
Final sample firm-year observations	341	241 (71%)	100(29%)

Panel B: Year-wise distribution
Year	Firm-year
Year	Banks	Non-Banking financial institutions	Total	Percent	Cum.%
2016	28	16	44	12.90	12.90
2017	29	15	44	12.90	25.81
2018	29	15	44	12.90	38.71
2019	29	13	42	12.32	51.03
2020	29	12	41	12.02	63.05
2021	29	10	39	11.44	74.49
2022	28	9	37	10.85	85.34
2023	28	6	34	9.97	95.31
2024	12	4	16	4.69	100.00

Panel B: Year-wise distribution
Year	Firm-year
Year	Banks	Non-Banking financial institutions	Total	Percent	Cum.%
2016	28	16	44	12.90	12.90
2017	29	15	44	12.90	25.81
2018	29	15	44	12.90	38.71
2019	29	13	42	12.32	51.03
2020	29	12	41	12.02	63.05
2021	29	10	39	11.44	74.49
2022	28	9	37	10.85	85.34
2023	28	6	34	9.97	95.31
2024	12	4	16	4.69	100.00

Source(s): Created by authors