Sample selection procedure
| Sample selection procedure (2015–2019) | No. of firms |
|---|---|
| Total number of firms | |
| Bangladesh (listed on DSE) | 23 |
| India (collected from Nifty 500 index companies listed on NSE) | 28 |
| Pakistan (listed on PSX) | 33 |
| Total firms | 84 |
| Less: firms not fulfilled the criteria mentioned above (Bangladesh: 4; Pakistan: 5; India: 0) | 9 |
| Total final sample (Bangladesh: 19; Pakistan: 28; India: 28) | 75 |
| Total of observations in five years (75 × 05) (Bangladesh: 19*5; Pakistan: 28*5; India: 28*5) | 375 |
| Less: Data missing in firm year observations (Bangladesh: 10; Pakistan: 14; India: 5) | 29 |
| Final sample firm-year observations (Bangladesh: 85; Pakistan: 126; India: 135) | 346 |
| Sample selection procedure (2015–2019) | No. of firms |
|---|---|
| Bangladesh (listed on DSE) | 23 |
| India (collected from Nifty 500 index companies listed on NSE) | 28 |
| Pakistan (listed on PSX) | 33 |
| Total firms | 84 |
| Less: firms not fulfilled the criteria mentioned above (Bangladesh: 4; Pakistan: 5; India: 0) | 9 |
| Total final sample (Bangladesh: 19; Pakistan: 28; India: 28) | 75 |
| Total of observations in five years (75 × 05) | 375 |
| Less: Data missing in firm year observations (Bangladesh: 10; Pakistan: 14; India: 5) | 29 |
| Final sample firm-year observations (Bangladesh: 85; Pakistan: 126; India: 135) | 346 |
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