Table 2.

Search strategy and industry classification

StrategyNo. of collected
answers
No. of observations
(2017–2019)
Panel (a) Sample selection strategy
Listed entities from AIDA database524 
Questionnaires returned276 
Sample after discarded questionnaires97 
Final sample after the filters adopted
of which: answers received at the end of the first submission
76
47
228
141
StrategyNo. of firmsFYO%Cumulative frequency
Panel (b) Industry classification
Manufacturing31934141
Transportation618849
Pharmaceuticals721958
Service13391775
Other195725100
Total76228100 

Notes:

Panel (a) describes the sample selection strategy. We initially collected 249 answers to the questionnaire we sent. After discarding the answers with multiple missing values and adopting filters in terms of job and number of years of experience, we netted the sample of 76 organizations with a total of 228 observations in the period analyzed (2017–2019). Panel (b) discloses the industries of the entities belonging to the final sample. Panel (b) also reports the number of firms and the firm-year observations (FYO), for each industry, the percentage compared to the total number of FYO, and the cumulative frequency

Source: Authors own creation

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