5. Results
5.1. Univariate analysis
Table 2 provides an industry distribution of the 110 companies with IT material weakness companies and 626 companies with any kind of material weaknesses based on their two-digit SIC
codes. The 110 IT material weakness companies cover seven industry groups. Among them, the manufacturing industry has the highest number of IT material weakness companies, followed by
the service industry, then by the financial industry. The 626 material weakness companies cover ten industry groups. The industry distribution for those companies is similar to that of the 110 IT material weakness companies, i.e. the manufacturing industry contains the highest number of material weakness companies, followed by the service industry, then by the financial industry.
5. Results5.1. Univariate analysisTable 2 provides an industry distribution of the 110 companies with IT material weakness companies and 626 companies with any kind of material weaknesses based on their two-digit SICcodes. The 110 IT material weakness companies cover seven industry groups. Among them, the manufacturing industry has the highest number of IT material weakness companies, followed bythe service industry, then by the financial industry. The 626 material weakness companies cover ten industry groups. The industry distribution for those companies is similar to that of the 110 IT material weakness companies, i.e. the manufacturing industry contains the highest number of material weakness companies, followed by the service industry, then by the financial industry.
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