| Steps | Description | Discard | Firms | Observations |
|---|---|---|---|---|
| 1 | Select firms with reported suppliers and customers | 1648 | 6332 | |
| 2 | ST firms | 54 | 1594 | 6106 |
| 3 | Missing value for abnormal inventory growth | 111 | 1483 | 4699 |
| 4 | Missing value for control variables | 49 | 1434 | 4460 |
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