Specifically, two types of exclusions may apply. The first type, excluding the quality, eliminate companies that do not have significant financial data available. The second type, quantitative exclusion, removal of the company from the set of samples based on the filters as total sales, assets and number of employees.Below is a summary of the exclusion method has been applied to the sample data set of similar companies are established in step 1. See Appendix A of this report on the detailed list of the excluded company and the reason for the exclusion.
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