Investigation step

Adjustment

Remaining

Population

2777

1) Regional and time limitation to Europe

−2689

88

2) Exclusion financial industry

−12

76

3) Listed Companies

−25

51

4) Data availability

−11

40

5) Determination announcement date

−2

38

6) No confounding events

−6

32

7) Corresponds to definition

−8

24

Total

24