Sample reconciliation
| Description | Number of firm-years | Number of unique firms |
|---|---|---|
| Initial sample of firms selected from dead and active firms on the database | 3,394 | 448 |
| Market data or number of shares not available on the database during the sample period | (511) | (45) |
| Steinhoff international holdingsa | (11) | (1) |
| General accounting data items missing on database | (2) | – |
| Sample of firms used for hand-collection of data | 2,870 | 402 |
| No gain on bargain purchase in the current or previous two years | (2,441) | (277) |
| Gain on bargain purchase in the current or previous two years | 429 | 125 |
| Description | Number of firm-years | Number of unique firms |
|---|---|---|
| Initial sample of firms selected from dead and active firms on the database | 3,394 | 448 |
| Market data or number of shares not available on the database during the sample period | (511) | (45) |
| Steinhoff international holdingsa | (11) | (1) |
| General accounting data items missing on database | (2) | – |
| Sample of firms used for hand-collection of data | 2,870 | 402 |
| No gain on bargain purchase in the current or previous two years | (2,441) | (277) |
| Gain on bargain purchase in the current or previous two years | 429 | 125 |
Note(s): aSteinhoff International Holdings was subject to large-scale fraud during the sample period. Accounting information on the database is being retrospectively corrected with the result that historical market data no longer relates to the available accounting information
Source(s): Author's own work
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