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Table 2 Breakdown of firms by industry.

From: Corporate governance, external financing, and earnings management: new evidence from an emerging market

Industry

Number of firms

Number of observations

Technology

15

84

Industrials

208

1118

Oil and gas

5

30

Consumer services

46

232

Consumer goods

80

416

Health care

19

112

Basic materials

75

375

Utilities

40

237

Final sample

488

2604