Table 1

Proportion of likely manipulator firms to nonlikely manipulator firms

YearLikely manipulators (M-Score > −2.22)Nonlikely manipulators (M-Score < −2.22)
200919 (63.33%)11 (36.67%)
201024 (80%)6 (20%)
201116 (53.33%)14 (46.67%)
201211 (36.67%)19 (63.33%)
201318 (60%)12 (40%)
201423 (76.67%)7 (23.33%)
201522 (73.33%)8 (26.67%)
201625 (83.33%)5 (16.67%)
201721 (70%)9 (30%)
201822 (73.33%)8 (26.67%)

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