Table 1 Firms by market and sector...

Table 1

Firms by market and sector sensitivity

Market	Non-sensitive sector		Sensitive sector		Total
Market	Number of firms	Column %	Number of firms	Column %	Total
Austria	2	0.75%	5	3.1%	7
Belgium	8	3.00%	2	1.2%	10
Denmark	12	4.49%	6	3.7%	18
Finland	7	2.62%	10	6.1%	17
France	38	14.23%	20	12.3%	58
Germany	25	9.36%	19	11.7%	44
Ireland	5	1.87%	1	0.6%	6
Italy	13	4.87%	12	7.4%	25
Luxembourg	1	0.37%	0	0.0%	1
Netherlands	9	3.37%	9	5.5%	18
Norway	5	1.87%	6	3.7%	11
Poland	4	1.50%	2	1.2%	6
Portugal	2	0.75%	2	1.2%	4
Spain	11	4.12%	10	6.1%	21
Sweden	21	7.87%	11	6.7%	32
Switzerland	28	10.49%	12	7.4%	40
United Kingdom	76	28.46%	36	22.1%	112
Total	267	62.09%	163	37.91%	430

Market	Non-sensitive sector		Sensitive sector		Total
Market	Number of firms	Column %	Number of firms	Column %	Total
Austria	2	0.75%	5	3.1%	7
Belgium	8	3.00%	2	1.2%	10
Denmark	12	4.49%	6	3.7%	18
Finland	7	2.62%	10	6.1%	17
France	38	14.23%	20	12.3%	58
Germany	25	9.36%	19	11.7%	44
Ireland	5	1.87%	1	0.6%	6
Italy	13	4.87%	12	7.4%	25
Luxembourg	1	0.37%	0	0.0%	1
Netherlands	9	3.37%	9	5.5%	18
Norway	5	1.87%	6	3.7%	11
Poland	4	1.50%	2	1.2%	6
Portugal	2	0.75%	2	1.2%	4
Spain	11	4.12%	10	6.1%	21
Sweden	21	7.87%	11	6.7%	32
Switzerland	28	10.49%	12	7.4%	40
United Kingdom	76	28.46%	36	22.1%	112
Total	267	62.09%	163	37.91%	430

Note(s): The table shows the number of firms by market and sector. Sensitive sectors include energy, materials, industrials, and utilities; non-sensitive sectors include consumer cyclicals, consumer non-cyclicals, financials, healthcare, real estate, and technology. Percentages are column shares within each group

Source(s): Calculated by authors

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