Sample evolution
| Description | Total |
|---|---|
| Initial sample | 112 |
| (−) Companies with EBIT margin greater than 100% | 1 |
| (−) Companies without information on their capital structure before IPO | 12 |
| (−) Companies without EBIT margin | 10 |
| (=) Final sample | 89 |
| Description | Total |
|---|---|
| Initial sample | 112 |
| (−) Companies with EBIT margin greater than 100% | 1 |
| (−) Companies without information on their capital structure before IPO | 12 |
| (−) Companies without EBIT margin | 10 |
| (=) Final sample | 89 |
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