Table 2 Sample distribution Panel A... | Emerald Publishing

Table 2

Sample distribution

Panel A year-wise observations			Panel B industry sector-wise firms distribution based on the initial sample
Year	Observation	%	Sector	No. of firms	%
2008	19	1.24
2009	35	2.28	Oil and gas	33	8.48
2010	44	2.86	Basic material	36	9.25
2011	45	2.93	Industrials	93	23.91
2012	50	3.26	Consumer	42	10.80
2013	55	3.58	Health care	23	5.91
2014	52	3.39	Services	44	11.31
2015	102	6.64	Telecommunication	2	0.51
2016	171	11.13	Utilities	33	8.48
2017	234	15.23	Technology	52	13.37
2018	307	19.99	Invest and insurance	31	7.97
2019	422	27.47		389	100
	1,536	100

Panel A year-wise observations			Panel B industry sector-wise firmsdistribution based on the initial sample
Year	Observation	%	Sector	No. of firms	%
2008	19	1.24
2009	35	2.28	Oil and gas	33	8.48
2010	44	2.86	Basic material	36	9.25
2011	45	2.93	Industrials	93	23.91
2012	50	3.26	Consumer	42	10.80
2013	55	3.58	Health care	23	5.91
2014	52	3.39	Services	44	11.31
2015	102	6.64	Telecommunication	2	0.51
2016	171	11.13	Utilities	33	8.48
2017	234	15.23	Technology	52	13.37
2018	307	19.99	Invest and insurance	31	7.97
2019	422	27.47		389	100
	1,536	100

Source: Authors’ own creation