Firms

Population of firms listed on the Athens Stock Exchange (period 2015-2019)

163

Elimination

1) Finance and real estate

(11)

2) Suspended from trading (Athens Stock Exchange Authority)

(12)

3) Missing financial data (not available on Compustat)

(16)

4) Reporting period different from 31st December

(4)

5) Missing board composition data

(17)

Final sample

103