Table 1

Sampling method

NoSampling criteriaNumber of banksTotal data
1Conventional commercial banks registered on the Indonesia Stock Exchange period 2013–201942294
2Conventional commercial banks conducting initial public offering (IPO) after January 1, 2013−4−28
3Conventional commercial banks period 2013–2019 that publish incomplete audited financial statements−4−28
Total34238
4Outlier data−12
Total final data used as research samples226

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