Table 1

Sample Description

The number of firms in each sample year on the Council of Institutional Investors’ focus list, the mean and median market value of equity ($ millions), the number of firms trading on the NASDAQ, the number of firms in the S&P 500, and the mean and median number of years in which the firm had listed stock as reported on the CRSP tapes. Medians are reported in brackets [ ].

Focus List Year Number of Firms Market Value of Equity Number on NASDAQ Number in the S&P 500 Index Years Listed in CRSP
1991

 

 16 $7,881

[$4,148]

 1 15 45

[39]
1992 25

 

 $8,798

[$4,634]

 0 24 46

[41]
1993 56

 

 $23,371

[$2,325]

 4 41 38

[31]
1994 20 $17,043

[$1,058]

 0 20 38

[32]
All Years 117 $14,943

[$2,577]

 5 100 41

[31]

  Home Up Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9