Table 1.
Basic information about the study sample.
| Security Code | Company Dame | Data Period | Security Code | Company Dame |
Data Period | Security Code | Company Dame | Data Period |
|---|---|---|---|---|---|---|---|---|
| 002780 | Sanfo Outdoor | 2015–2021 | 603908 | Comefly | 2017–2021 | 833649 | Beaume Outdoor | 2015–2021 |
| 600679 | Shanghai Phoenix | 2000–2021 | 002899 | Impulse | 2017–2021 | 836210 | Sumar Marine | 2017–2021 |
| 300526 | China Dive | 2016–2021 | 300651 | Jinling Sports | 2017–2021 | 833151 | Tongfang Health | 2015–2021 |
| 002105 | HL Corp | 2007–2021 | 002870 | Senssun | 2017–2021 | 870749 | Jianhua Zhongxing | 2017–2021 |
| 603558 | Jasan Group | 2015–2021 | 603555 | Guirenniao | 2014–2018 | 833429 | Competitor | 2015–2021 |
| 002395 | Double Elephant | 2010–2021 | 831326 | Sanlida | 2014–2021 | 839446 | Minghong Sports | 2016–2021 |
| 002486 | Challenge | 2010–2021 | 873009 | Sifang Swimming | 2018–2021 | 832875 | Fushide | 2015–2021 |
| 300005 | Toread | 2010–2021 | 838464 | Carving Ski | 2016–2021 | 830877 | Kanglai Sports | 2014–2021 |
| 603129 | Chunfeng Power | 2017–2021 | 430759 | Cronus | 2014–2017 | 871594 | Cnsg Holdings | 2017–2021 |
| 002832 | Biemlfdlkk | 2016–2021 | 837226 | Lianchuang Artificial Lawn | 2017–2021 | 837720 | Youli Sports | 2016–2021 |
| 002489 | Zhejiang Yongqiang | 2010–2021 |
Note: Noble Bird was *ST in 2019–2020 and ST in 2021; Cronus was suspended from trading by ST in 2018–2020.