Table 1. Sample design and sample...

Table 1.

Sample design and sample distribution

Details	Companies	Observations
Panel A: Sample selection
Initial Data from Dhaka Stock Exchange (DSE) listed firms during 2018–2021	305	915
Less: companies excluded due to non-availability of extractible KAM reports	−19	−57
Less: companies and observations excluded due to missing data	−113	−385
Final sample (unbalanced panel)	173	465
	N	%
Panel B: Sample distribution by industry
Bank	55	11.83
Cement	16	3.44
Ceramic	10	2.15
Engineering	61	13.12
Financial institutions	43	9.25
Food and allied	17	3.66
Fuel and power	41	8.82
Insurance	64	13.76
IT sector	13	2.80
Pharmaceuticals and chemicals	42	9.03
Textile	85	18.28
Others	18	3.87
Total	465	100
Panel C: Sample distribution by year
T₁	173	37.21
T₂	165	35.48
T₃	127	27.31
Total	465	100

Details	Companies	Observations
Panel A: Sample selection
Initial Data from Dhaka Stock Exchange (DSE) listed firms during 2018–2021	305	915
Less: companies excluded due to non-availability of extractible KAM reports	−19	−57
Less: companies and observations excluded due to missing data	−113	−385
Final sample (unbalanced panel)	173	465
	N	%
Panel B: Sample distribution by industry
Bank	55	11.83
Cement	16	3.44
Ceramic	10	2.15
Engineering	61	13.12
Financial institutions	43	9.25
Food and allied	17	3.66
Fuel and power	41	8.82
Insurance	64	13.76
IT sector	13	2.80
Pharmaceuticals and chemicals	42	9.03
Textile	85	18.28
Others	18	3.87
Total	465	100
Panel C: Sample distribution by year
T₁	173	37.21
T₂	165	35.48
T₃	127	27.31
Total	465	100

Source(s): Authors’ own creation

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