Table 1

Sample selection criteria

Total number of companies in the BT 500 index500
Less: companies of various sectors except steel companies(456)
Less: companies not complying with the following selection criteria, i.e.
  1. Market capitalization of the company should be more than 1 bn,

  2. The company should be listed and

  3. Data should be available from 2004–2005 to 2017–2018

(4)
Final sample size40

Note(s): The sampling technique: purposive sampling (non-probability technique)

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