Table 1 Sample distribution Panel A.... | Emerald Publishing

Table 1

Sample distribution

Panel A. Sample selection	Observations
Firm-year observations based on ASX 300	1,824
Less: missing values in ESG scores	528
Less: missing values in independent variables	122
Less: singleton observations	18
Final sample	1,156
Final number of firms	261

Panel A. Sample selection	Observations
Firm-year observations based on ASX 300	1,824
Less: missing values in ESG scores	528
Less: missing values in independent variables	122
Less: singleton observations	18
Final sample	1,156
Final number of firms	261

Panel B. Final sample industry distribution based on the Refinitiv Business Classification (TRBC)	No. of firms	No. of observations	% of total observations
Academic and educational services	1	5	0.43
Basic materials	53	226	19.55
Consumer cyclicals	37	163	14.10
Consumer non-cyclicals	17	76	6.57
Energy	11	50	4.33
Financials	40	178	15.40
Health care	21	94	8.13
Industrials	29	130	11.25
Real estate	25	117	10.12
Technology	24	102	8.82
Utilities	3	15	1.30
Total	261	1,156	100

Panel B. Final sample industry distribution based on the Refinitiv Business Classification (TRBC)	No. of firms	No. of observations	% of total observations
Academic and educational services	1	5	0.43
Basic materials	53	226	19.55
Consumer cyclicals	37	163	14.10
Consumer non-cyclicals	17	76	6.57
Energy	11	50	4.33
Financials	40	178	15.40
Health care	21	94	8.13
Industrials	29	130	11.25
Real estate	25	117	10.12
Technology	24	102	8.82
Utilities	3	15	1.30
Total	261	1,156	100

Source(s): Authors’ own work