Table 2 Sample size by year and the type...

Table 2

Sample size by year and the type of capitalization

Year	Capitalization sample			Expense-all sample
Year	Opportunistic capitalization firms	Normal capitalization firms	Subtotal	Expense-all sample
Column	(1)	(2)	(3)	(4)
2007	8	33	41	70
2008	14	66	80	137
2009	7	71	78	181
2010	8	71	79	547
2011	15	60	75	319
2012	35	186	221	382
2013	69	252	321	616
2014	100	241	341	697
2015	218	391	609	1,456
2016	260	417	677	1,667
2017	264	476	740	1,976
2018	196	612	808	2,105
2019	119	724	843	2,298
Total	1,313	3,600	4,913	12,451

Year	Capitalization sample			Expense-all sample
Year	Opportunistic capitalization firms	Normal capitalization firms	Subtotal	Expense-all sample
Column	(1)	(2)	(3)	(4)
2007	8	33	41	70
2008	14	66	80	137
2009	7	71	78	181
2010	8	71	79	547
2011	15	60	75	319
2012	35	186	221	382
2013	69	252	321	616
2014	100	241	341	697
2015	218	391	609	1,456
2016	260	417	677	1,667
2017	264	476	740	1,976
2018	196	612	808	2,105
2019	119	724	843	2,298
Total	1,313	3,600	4,913	12,451

Note(s): This table reports the number of firms among the normal capitalization, the opportunistic capitalization and the expense-all samples by year. Columns (1) and (2) show the number of opportunistic capitalization and normal capitalization firms, respectively. Column (4) shows the number of firms in the expense-all sample

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