Table 2 Distribution of the sample according to industry sectors and financial distress
Industry sector | Firms (2016–2021) | |||
|---|---|---|---|---|
N | % | |||
Industry | NFD | FD | Frequency | Percent |
Basic resources | 54 | 6 | 60 | 12.71 |
Health care and pharmaceuticals | 30 | 0 | 30 | 6.36 |
Industrial goods, services, and automobiles | 18 | 0 | 18 | 3.81 |
Real estate | 109 | 9 | 118 | 25.00 |
Travel and leisure | 19 | 11 | 30 | 6.36 |
Utilities | 2 | 4 | 6 | 1.27 |
IT, media, and communication services | 29 | 1 | 30 | 6.36 |
Food, beverages, and tobacco | 47 | 1 | 48 | 10.17 |
Energy and support services | 6 | 0 | 6 | 1.27 |
Trade and distributors | 12 | 0 | 12 | 2.54 |
Shipping and transportation services | 4 | 8 | 12 | 2.54 |
Education services | 6 | 0 | 6 | 1.27 |
Contracting and construction engineering | 23 | 1 | 24 | 5.08 |
Textile and durables | 28 | 2 | 30 | 6.36 |
Building materials | 30 | 6 | 36 | 7.63 |
Paper and packaging | 2 | 4 | 6 | 1.27 |
Total | 419 | 53 | 472 | 100.00 |