Table 1 Sample Selection and Industry-wise sample breakdown
From: Do financing institutions consider operating performance in estimating cost of debt?
Panel A: Sample selection | |
Total number of firm-year observations from 2015 to 2019 | 925 |
Less: Observations in the financial and utilities industries | (150) |
Less: Observations dropping due to insufficient control variables | (228) |
Final sample (firm-year observations) used for analysis | 547 |
N | % | |
|---|---|---|
Panel B: Industry-wise sample breakdown | ||
Ceramics and cement | 53 | 9.69 |
Engineering | 98 | 17.92 |
Food & allied sector | 47 | 8.59 |
Power and fuel | 58 | 10.6 |
Information technology and services | 53 | 9.69 |
Miscellaneous | 38 | 6.95 |
Pharmaceuticals | 81 | 14.81 |
Tannery | 19 | 3.47 |
Textile | 100 | 18.28 |
Total | 547 | 100 |