This table reports sample selection procedure (Panel A) and the distribution of the sample across the industry groups (Panel B)
| Panel A: Sample selection procedure | |
|---|---|
| Observations | |
| All observations available for the period 2008 to 2018 excluding financial firms | 19,616 |
| (−) Firms with missing data related to CSR variable | (6,168) |
| (−) Firms with missing values for control variables | (2,807) |
| Final sample | 10,641 |
| Panel A: Sample selection procedure | |
|---|---|
| Observations | |
| All observations available for the period 2008 to 2018 excluding financial firms | 19,616 |
| (−) Firms with missing data related to CSR variable | (6,168) |
| (−) Firms with missing values for control variables | (2,807) |
| Final sample | 10,641 |
| Panel B: Industry distribution | ||
|---|---|---|
| Industry | Freq. | Percent (%) |
| A: Agriculture, forestry, animal husbandry and fishery | 180 | 1.66 |
| B: Mining industry | 345 | 3.17 |
| C: Manufacturing industry | 6,505 | 61.35 |
| D: Electricity, Thermal, Gas and Water Production and Supply Industry | 536 | 4.95 |
| E: Construction business | 317 | 2.93 |
| F: Wholesale and retail business | 620 | 5.67 |
| G: Transportation, Warehousing and Postal Service | 478 | 4.39 |
| H: Accommodation and catering | 27 | 0.25 |
| I: Information transmission, software and information technology services | 485 | 4.49 |
| K: Real Estate | 529 | 4.86 |
| L: Leasing and Business Services | 140 | 1.31 |
| M: Scientific Research and Technology Services | 26 | 0.24 |
| N: Water Conservancy, Environment and Public Facilities Industry | 106 | 0.97 |
| P: Education | 38 | 0.3 |
| Q: Health and social work | 106 | 0.9 |
| R: Culture, Sports and Entertainment | 107 | 0.98 |
| S:Comprehensive | 113 | 1.04 |
| 10,641 | 100.00 | |
| Panel B: Industry distribution | ||
|---|---|---|
| Industry | Freq. | Percent (%) |
| A: Agriculture, forestry, animal husbandry and fishery | 180 | 1.66 |
| B: Mining industry | 345 | 3.17 |
| C: Manufacturing industry | 6,505 | 61.35 |
| D: Electricity, Thermal, Gas and Water Production and Supply Industry | 536 | 4.95 |
| E: Construction business | 317 | 2.93 |
| F: Wholesale and retail business | 620 | 5.67 |
| G: Transportation, Warehousing and Postal Service | 478 | 4.39 |
| H: Accommodation and catering | 27 | 0.25 |
| I: Information transmission, software and information technology services | 485 | 4.49 |
| K: Real Estate | 529 | 4.86 |
| L: Leasing and Business Services | 140 | 1.31 |
| M: Scientific Research and Technology Services | 26 | 0.24 |
| N: Water Conservancy, Environment and Public Facilities Industry | 106 | 0.97 |
| P: Education | 38 | 0.3 |
| Q: Health and social work | 106 | 0.9 |
| R: Culture, Sports and Entertainment | 107 | 0.98 |
| S:Comprehensive | 113 | 1.04 |
| 10,641 | 100.00 | |
Note(s): This table is prepared by the authors
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