Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment" (doi:10.7910/DVN/UVQG2W)

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Part 1: Document Description
Part 2: Study Description
Part 3: Data Files Description
Part 4: Variable Description
Part 5: Other Study-Related Materials
Entire Codebook

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Document Description
Citation
Title:	Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"
Identification Number:	doi:10.7910/DVN/UVQG2W
Distributor:	Harvard Dataverse
Date of Distribution:	2023-01-04
Version:	1
Bibliographic Citation:	Kim, Hwanki Brian; Kim, Woojin; Kronlund, Mathias, 2023, "Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"", https://doi.org/10.7910/DVN/UVQG2W, Harvard Dataverse, V1, UNF:6:8+5l3lzS3mKtyak4jN8upA== [fileUNF]
Study Description
Citation
Title:	Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"
Identification Number:	doi:10.7910/DVN/UVQG2W
Authoring Entity:	Kim, Hwanki Brian (Baylor University)
	Kim, Woojin (Seoul National University)
	Kronlund, Mathias (Tulane University)
Distributor:	Harvard Dataverse
Access Authority:	Kim, Hwanki Brian
Depositor:	Kim, Hwanki Brian
Date of Deposit:	2023-01-04
Holdings Information:	https://doi.org/10.7910/DVN/UVQG2W
Study Scope
Keywords:	Business and Management
Abstract:	The files contain the replication codes in STATA for "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment".
Methodology and Processing
Sources Statement
Data Access
Other Study Description Materials
Related Publications
Citation
Identification Number:	10.1093/rfs/hhac094
Bibliographic Citation:	Option 1: Forthcoming, Review of Financial Studies If the DOI for your paper is available, include that information in the fields below marked ID Type, ID Number, and URL. Option 2: If your paper has been published in an issue, go to the paper on the OUP website and click the "cite" link. Copy the full citation, including the link, here.
File Description--f6867571
File: pseudo_FW_voc_matched_sample.tab
	Number of cases: 8899 No. of variables per record: 14 Type of File: text/tab-separated-values
Notes:	UNF:6:7GFcpybyCXrkaXw3LgVmQQ==
File Description--f6867569
File: pseudo_FW_voc_sample.tab
	Number of cases: 11159 No. of variables per record: 13 Type of File: text/tab-separated-values
Notes:	UNF:6:KLvpAtufpIJDn4bW7Bm/jw==
File Description--f6867567
File: pseudo_panel_sample.tab
	Number of cases: 150285 No. of variables per record: 54 Type of File: text/tab-separated-values
Notes:	UNF:6:KMnIps7QrZtg7FaUSLOY1Q==
File Description--f6867572
File: pseudo_portfolio_sample.tab
	Number of cases: 532720 No. of variables per record: 11 Type of File: text/tab-separated-values
Notes:	UNF:6:lMxTWvrukt3927cCd0N7UA==
File Description--f6867568
File: pseudo_treated_matched_Figures.tab
	Number of cases: 83594 No. of variables per record: 7 Type of File: text/tab-separated-values
Notes:	UNF:6:XKZMyYbZ05gbmRGyP43XkA==
File Description--f6867573
File: pseudo_treated_matched_sample.tab
	Number of cases: 25549 No. of variables per record: 56 Type of File: text/tab-separated-values
Notes:	UNF:6:AgfGTFOBm/cgE8sUXdKkqA==
Variable Description
List of Variables:	firmid year treated after equity_2015 excess_ret dCash dEarn dNA dRD dDiv cash2cap_l1 debt_mkt matchedfirmid firmid year treated after equity_2015 excess_ret dCash dEarn dNA dRD dDiv cash2cap_l1 debt_mkt year gindex - gindex chaebol_2015 ic PICgte50 after treated equity_2015 EstB4Crs HitMoreByCrs HitLessByCrs HighNI2013 firmid PICgte50_flip chaebol_flip Public groupid HighGindex indROIC_post residual1 residual2 cash_at cash_at_inc lt_cash_inc payout div repurchase inv land_inc bldg_inc eqpt_inc wage_inc size lnS sales sales_growth ni2at ndi debt CAR lnSw avg_cash_buildup_inc avg_payout_inc avg_inv_inc avg_wage_change_inc dist lnwage_per_cap nempl_at no_empl roic inv_raise payout_raise ROIC_growth cf firmid year treated month day ret_d date ret_mkt rf ic equity_2015 cash_at_inc payout inv wage_inc year firmid treated year gindex - gindex chaebol_2015 ic ic1 PICgte50 after treated equity_2015 EstB4Crs HitMoreByCrs HitLessByCrs HighNI2013 firmid PICgte50_flip chaebol_flip Public groupid HighGindex indROIC_post residual1 residual2 cash_at cash_at_inc lt_cash_inc payout div repurchase inv land_inc bldg_inc eqpt_inc wage_inc size lnS sales sales_growth ni2at ndi debt CAR lnSw avg_cash_buildup_inc avg_payout_inc avg_inv_inc avg_wage_change_inc dist lnwage_per_cap nempl_at no_empl roic inv_raise payout_raise ROIC_growth cf matchedfirmid
Variables
firmid
f6867571 Location:	Summary Statistics: Valid 8899.0; Mean 7720.8695359029; Min. 3.0; Max. 35862.0; StDev 4541.967735839948 Variable Format: numeric Notes: UNF:6:OpqDPnPomyfQmgFv+u9owQ==
year
f6867571 Location:	Summary Statistics: Mean 2013.5305090459601; Min. 2011.0; Max. 2016.0; Valid 8899.0; StDev 1.8551886013185175 Variable Format: numeric Notes: UNF:6:73L9exuDmfdGcsE9fqdrCg==
treated
f6867571 Location:	Summary Statistics: Min. 0.0; Mean 0.6036633329587399; StDev 0.4891633693403449; Max. 1.0; Valid 8899.0 Variable Format: numeric Notes: UNF:6:zjdvQhG3gmeh1sZghvgBTQ==
after
f6867571 Location:	Summary Statistics: Mean 0.4302730643892579; StDev 0.49514210511138557; Max. 1.0; Min. 0.0; Valid 8899.0 Variable Format: numeric Notes: UNF:6:K40D4es/Ottb0QwhlpkWAA==
equity_2015
f6867571 Location:	Summary Statistics: Valid 8694.0; Min. -4.31174680576E11; StDev 3.882979249480441E12; Max. 1.36428260425728E14; Mean 4.7426158176557855E11; Variable Format: numeric Notes: UNF:6:V905bFD8nkD+vNC52eZF5g==
excess_ret
f6867571 Location:	Summary Statistics: Valid 8899.0; Mean -0.03383675068608781; StDev 0.5541912123924173; Min. -2.0465657711029053; Max. 1.964722752571106 Variable Format: numeric Notes: UNF:6:omkXa1MHjWhDHe6fl5iM1g==
dCash
f6867571 Location:	Summary Statistics: Max. 0.5657650828361511; StDev 0.14552039264007072; Min. -0.5220784544944763; Mean 0.011464645852719604; Valid 8899.0 Variable Format: numeric Notes: UNF:6:byhSFa9lcBwUlj52Kd1zig==
dEarn
f6867571 Location:	Summary Statistics: Max. 0.3722153604030609; Min. -0.42121633887290955; Valid 8899.0; Mean 0.003452787660939364; StDev 0.10882005582519708 Variable Format: numeric Notes: UNF:6:uUjRYS+LKMvIMcKUkTDJ5A==
dNA
f6867571 Location:	Summary Statistics: StDev 0.3358421179383155; Min. -1.0743739604949951; Valid 8899.0; Max. 1.2480065822601318; Mean 0.029214930985231157 Variable Format: numeric Notes: UNF:6:l2Aa08eq7UxF8YwIeBt+HA==
dRD
f6867571 Location:	Summary Statistics: Min. -0.04477684199810028; StDev 0.013060212201632579; Valid 8899.0; Max. 0.05947616696357727; Mean 0.0019472666155659504; Variable Format: numeric Notes: UNF:6:fJh0ASaQKsVvq9Q7noukhg==
dDiv
f6867571 Location:	Summary Statistics: Valid 8899.0; Min. -0.022211825475096703; StDev 0.006405978853902961; Max. 0.024345390498638153; Mean 5.009505992817877E-4 Variable Format: numeric Notes: UNF:6:Qned6ED5J3rRTMH0GdXoaw==
cash2cap_l1
f6867571 Location:	Summary Statistics: StDev 0.2726327534751328; Mean 0.2591286264492041; Min. -0.6399750113487244; Valid 8899.0; Max. 1.3533490896224976; Variable Format: numeric Notes: UNF:6:p6f7zEb/0tVBfb0zObI2hw==
debt_mkt
f6867571 Location:	Summary Statistics: Valid 8899.0; Mean 0.19749375408020187; StDev 0.19460168233312747; Min. -0.5517979860305786; Max. 0.925543487071991 Variable Format: numeric Notes: UNF:6:V58cxGEqdtINEhmiogljeg==
matchedfirmid
f6867571 Location:	Summary Statistics: Max. 35862.0; Mean 8386.891474311247; Min. 14.0; Valid 5372.0; StDev 5445.420344774542 Variable Format: numeric Notes: UNF:6:azC74n/E8DShH5mZwj/LFw==
firmid
f6867569 Location:	Summary Statistics: Max. 37443.0; Min. 3.0; Mean 7930.523075544341; StDev 5060.208462307138; Valid 11159.0; Variable Format: numeric Notes: UNF:6:hgAqXdmWF81wDbMiLaA0Ng==
year
f6867569 Location:	Summary Statistics: Min. 2011.0; Mean 2014.102338919258; Max. 2017.0; Valid 11159.0; StDev 2.002667359007495 Variable Format: numeric Notes: UNF:6:TI5C3I/1tErq6/kKpSM/HA==
treated
f6867569 Location:	Summary Statistics: Mean 0.7082914343175852; Min. 0.0; Valid 10939.0; Max. 1.0; StDev 0.45456965144112027 Variable Format: numeric Notes: UNF:6:cdtQPM2HhV42X5flBkO1ZA==
after
f6867569 Location:	Summary Statistics: Min. 0.0; StDev 0.49751105491869296; Valid 11159.0; Mean 0.44995071242943113; Max. 1.0; Variable Format: numeric Notes: UNF:6:6x7l1Boqv0ffcMehNbDbqQ==
equity_2015
f6867569 Location:	Summary Statistics: Mean 5.855875623268239E11; Max. 1.36428260425728E14; Valid 10651.0; Min. -9.49546713088E11; StDev 4.366585758303233E12 Variable Format: numeric Notes: UNF:6:rDQQfiISi3XZtju/ToreHw==
excess_ret
f6867569 Location:	Summary Statistics: StDev 0.5468343850494658; Min. -2.0465657711029053; Valid 11159.0; Mean -0.032568925680868104; Max. 1.964722752571106 Variable Format: numeric Notes: UNF:6:lUwMqCCkPpPqkhiCXDiAKw==
dCash
f6867569 Location:	Summary Statistics: Valid 11159.0; Max. 0.5657650828361511; StDev 0.14573107248316627; Mean 0.009787286959624638; Min. -0.554694652557373 Variable Format: numeric Notes: UNF:6:qVUgfDIFiVi/3BkQsKAwaw==
dEarn
f6867569 Location:	Summary Statistics: Valid 11159.0; StDev 0.11010045043201691; Max. 0.37920045852661133; Mean 0.004222008703990479; Min. -0.42121633887290955 Variable Format: numeric Notes: UNF:6:DeGW4gz8Pbhi8OayAh2QOw==
dNA
f6867569 Location:	Summary Statistics: Valid 11159.0; Max. 1.2480065822601318; Min. -1.2844080924987793; Mean 0.030422398379862912; StDev 0.33530089397121304 Variable Format: numeric Notes: UNF:6:gHx1ryugtMJUyb4yCtPgog==
dRD
f6867569 Location:	Summary Statistics: Mean 0.002129344113905182; Valid 11159.0; Max. 0.05947616696357727; Min. -0.04477684199810028; StDev 0.012792584441870015 Variable Format: numeric Notes: UNF:6:1/oVeWmLwCoo/qngVL14yg==
dDiv
f6867569 Location:	Summary Statistics: Mean 4.5128543915875586E-4; Min. -0.02467961795628071; Max. 0.024345390498638153; Valid 11159.0; StDev 0.006413899115249741 Variable Format: numeric Notes: UNF:6:wLnwN2cqxGeggV/bYdTlJQ==
cash2cap_l1
f6867569 Location:	Summary Statistics: StDev 0.26945020702806866; Mean 0.2578120957508707; Min. -0.6996293663978577; Max. 1.3533490896224976; Valid 11159.0 Variable Format: numeric Notes: UNF:6:88Ok/SNzaPMCB5KqbirQxw==
debt_mkt
f6867569 Location:	Summary Statistics: Valid 11159.0; StDev 0.1951533041250729; Min. -0.5517979860305786; Mean 0.19782502479426448; Max. 0.925543487071991 Variable Format: numeric Notes: UNF:6:ozYhokHfhawJ5GpOZrXtIA==
year
f6867567 Location:	Summary Statistics: Valid 150285.0; Mean 2014.500043251156; StDev 1.1181120996668803; Max. 2016.0; Min. 2013.0; Variable Format: numeric Notes: UNF:6:wMki1E0Z7Co64EJX63kvGg==
gindex
f6867567 Location:	Summary Statistics: Min. 10.0; Max. 223.0; Mean 102.71316614420098; Valid 2552.0; StDev 22.723898295638275; Variable Format: numeric Notes: UNF:6:RMNVlgi2ex18imOUm8zagw==
chaebol_2015
f6867567 Location:	Summary Statistics: StDev 0.2127246198825457; Valid 85543.0; Min. 0.0; Max. 1.0; Mean 0.047508270694275136; Variable Format: numeric Notes: UNF:6:EpTYxnvtyQMpazkbXU5bOw==
ic
f6867567 Location:	Summary Statistics: Valid 149976.0; Min. 1.0; StDev 20786.6407054946; Max. 97100.0; Mean 34139.57693897682; Variable Format: numeric Notes: UNF:6:7Z+P55fJMxRMw9OSXPPgTA==
PICgte50
f6867567 Location:	Summary Statistics: Min. 0.0; StDev 0.3425028056992439; Valid 88566.0; Max. 1.0; Mean 0.13572928663368952 Variable Format: numeric Notes: UNF:6:THdqT01YFBv3O9gwaxpIqg==
after
f6867567 Location:	Summary Statistics: StDev 0.4999701769137287; Max. 1.0; Mean 0.5057222683328871; Valid 85543.0; Min. 0.0 Variable Format: numeric Notes: UNF:6:PT4wxtoaYQkz5WGXI679rQ==
treated
f6867567 Location:	Summary Statistics: Max. 1.0; Valid 80671.0; StDev 0.37600421515858434; Min. 0.0; Mean 0.1704205972407101; Variable Format: numeric Notes: UNF:6:cNoTsB/HIpeIlmpomEAZtg==
equity_2015
f6867567 Location:	Summary Statistics: Valid 88566.0; Max. 1.79059820593152E14; Mean 8.231104588770003E10; Min. -2.7168669696E12; StDev 1.5456261395371362E12 Variable Format: numeric Notes: UNF:6:iWmd30QR5+hECejzUB6VRQ==
EstB4Crs
f6867567 Location:	Summary Statistics: Max. 1.0; Valid 149757.0; StDev 0.48982201055552876; Mean 0.39962071889794637; Min. 0.0 Variable Format: numeric Notes: UNF:6:wlCSDPrBJaIfb7JmpX9o4g==
HitMoreByCrs
f6867567 Location:	Summary Statistics: Mean 0.46772573907455095; Min. 0.0; StDev 0.4989589549739329; Valid 149376.0; Max. 1.0 Variable Format: numeric Notes: UNF:6:uow8oDmeXiQJJw+IBJJVsw==
HitLessByCrs
f6867567 Location:	Summary Statistics: Valid 148912.0; Mean 0.22356828193836786; StDev 0.41663733743948445; Min. 0.0; Max. 1.0 Variable Format: numeric Notes: UNF:6:LuwmcgndP3ljL2aT4SaWaQ==
HighNI2013
f6867567 Location:	Summary Statistics: Min. 0.0; Mean 0.5005998800239941; StDev 0.5000030485855286; Max. 1.0; Valid 73348.0 Variable Format: numeric Notes: UNF:6:LtvB2Bpjxz6/CSMn4z4b/w==
firmid
f6867567 Location:	Summary Statistics: Min. 1.0; Max. 37663.0; StDev 10872.91921978939; Mean 18824.72648634261; Valid 150285.0; Variable Format: numeric Notes: UNF:6:zSCJJuEKhJ2D/Cny2I157A==
PICgte50_flip
f6867567 Location:	Summary Statistics: StDev 0.49991456439977755; Mean 0.5093322686895608; Min. 0.0; Valid 150285.0; Max. 1.0 Variable Format: numeric Notes: UNF:6:lvhmjH9rDC+2fbr4fU7eLw==
chaebol_flip
f6867567 Location:	Summary Statistics: Valid 150285.0; Max. 1.0; StDev 0.4982207485607227; Mean 0.5421632232092295; Min. 0.0 Variable Format: numeric Notes: UNF:6:DvSGRxdaBBXIx0YZePBuag==
Public
f6867567 Location:	Summary Statistics: Max. 1.0; Mean 0.08188441960271331; Min. 0.0; Valid 150285.0; StDev 0.27418946310438197; Variable Format: numeric Notes: UNF:6:H4DeYy6HGZCRaNLx2izz1Q==
groupid
f6867567 Location:	Summary Statistics: Min. 2.0; StDev 410647.2225172181; Mean 1919890.0934424775; Max. 2900020.0; Valid 150285.0 Variable Format: numeric Notes: UNF:6:1UeMiI1vdX/Y6ULTA3tQZg==
HighGindex
f6867567 Location:	Summary Statistics: Min. 0.0; Valid 10487.0; Mean 0.4944216649184543; Max. 1.0; StDev 0.49999272046937804; Variable Format: numeric Notes: UNF:6:rSGvZQLy0pcQF/8gj9NdtA==
indROIC_post
f6867567 Location:	Summary Statistics: StDev 1.646588349904075; Min. -5.462220191955566; Valid 150285.0; Mean 5.502262361777747; Max. 15.126708030700684 Variable Format: numeric Notes: UNF:6:xnntgHzycn6UBFCpfr8ivw==
residual1
f6867567 Location:	Summary Statistics: Max. 6.854258688E10; Mean -1.7187418197327595E9; StDev 1.4926557049806326E10; Min. -6.2650544128E10; Valid 73245.0 Variable Format: numeric Notes: UNF:6:Kcg2D8mXoEXLe6gAbgz5pw==
residual2
f6867567 Location:	Summary Statistics: StDev 3.5235140119369063E9; Min. -1.8026631168E10; Mean -3.242322515007829E8; Max. 1.4170329088E10; Valid 75486.0 Variable Format: numeric Notes: UNF:6:6Ts6l4DpmHNP46CD58drEg==
cash_at
f6867567 Location:	Summary Statistics: Mean 10.705793734756032; Valid 85544.0; Min. -48.00046920776367; StDev 13.082910919581606; Max. 63.51205825805664; Variable Format: numeric Notes: UNF:6:FfP5ma1cSq8lm/Pry80G9w==
cash_at_inc
f6867567 Location:	Summary Statistics: StDev 7.910015246068063; Min. -31.82697105407715; Mean 0.9977909342745752; Valid 77947.0; Max. 35.78022003173828; Variable Format: numeric Notes: UNF:6:GZqAeR9OjGFj0JZlRmaCgg==
lt_cash_inc
f6867567 Location:	Summary Statistics: Max. 38.40975570678711; Valid 84020.0; Min. -34.848392486572266; Mean 0.963905692854211; StDev 8.621278366081851 Variable Format: numeric Notes: UNF:6:SgDiSfnsef6BxcnfCktV1A==
payout
f6867567 Location:	Summary Statistics: Mean 0.668663263086469; Max. 18.095497131347656; Min. -13.244555473327637; StDev 2.28523575818536; Valid 84034.0 Variable Format: numeric Notes: UNF:6:58gBJo5iGCK4VrgH4AObpw==
div
f6867567 Location:	Summary Statistics: Min. -7.058809757232666; Max. 7.950286865234375; Valid 84034.0; Mean 0.5023222307372032; StDev 1.773910336830596; Variable Format: numeric Notes: UNF:6:g21sebAB30qz0VmVoUXLvw==
repurchase
f6867567 Location:	Summary Statistics: Min. -2.3987178802490234; Mean 0.08901878124852496; Max. 2.481785535812378; StDev 0.5919261138383985; Valid 84034.0 Variable Format: numeric Notes: UNF:6:3Rl2HL5gDPBBIUdARMWhWw==
inv
f6867567 Location:	Summary Statistics: Mean 3.524523685580705; Max. 47.487003326416016; Min. -36.116764068603516; Valid 71577.0; StDev 9.633676235380827 Variable Format: numeric Notes: UNF:6:SL8ihpjBaj/joeeWZFMR4w==
land_inc
f6867567 Location:	Summary Statistics: Mean 1.1159560152825874; StDev 6.337232368549062; Valid 76391.0; Min. -26.476322174072266; Max. 29.501821517944336 Variable Format: numeric Notes: UNF:6:+3wE63CFRRNfpzak+UvhUg==
bldg_inc
f6867567 Location:	Summary Statistics: StDev 4.7834610506268636; Min. -19.55266761779785; Valid 76392.0; Mean 1.0114401982135242; Max. 20.88629150390625; Variable Format: numeric Notes: UNF:6:Luju1hGXre8u9lFTaBcGtQ==
eqpt_inc
f6867567 Location:	Summary Statistics: Valid 76487.0; Mean 1.194673540648703; Max. 21.282245635986328; StDev 4.17910075967883; Min. -19.041210174560547 Variable Format: numeric Notes: UNF:6:Nzt/BeWBPIn8KTK5ZZg51g==
wage_inc
f6867567 Location:	Summary Statistics: StDev 1.4798190608575885; Max. 6.933973789215088; Min. -5.975527763366699; Valid 75507.0; Mean 0.3405238095067617; Variable Format: numeric Notes: UNF:6:2DYVneot7H/A0hgtM0kYEg==
size
f6867567 Location:	Summary Statistics: Min. 19.122787475585938; Max. 29.0321102142334; Mean 24.168513664413993; Valid 85544.0; StDev 1.1616747023893848 Variable Format: numeric Notes: UNF:6:hZhktwM959O1/HOJ3gmLTw==
lnS
f6867567 Location:	Summary Statistics: Max. 31.315067291259766; Min. 16.409393310546875; Valid 83452.0; StDev 1.6377568005264886; Mean 23.85970570381379; Variable Format: numeric Notes: UNF:6:PoJTYTYdB29Z2y+JvYLFYg==
sales
f6867567 Location:	Summary Statistics: Min. -9.594285850624E12; Mean 1.758095167141467E11; StDev 2.1821395669684888E12; Valid 83467.0; Max. 9.852060434432E12 Variable Format: numeric Notes: UNF:6:+iIoqRa04MPfjdxpcWknAA==
sales_growth
f6867567 Location:	Summary Statistics: StDev 0.8108498010644843; Max. 3.3470399379730225; Min. -3.1189334392547607; Valid 76150.0; Mean 0.1560184122985549 Variable Format: numeric Notes: UNF:6:L/ZSpGTo2Ty6KPsEyToQWA==
ni2at
f6867567 Location:	Summary Statistics: Max. 53.882713317871094; StDev 11.529410921829426; Mean 2.137215539397261; Valid 78260.0; Min. -59.24603271484375 Variable Format: numeric Notes: UNF:6:FJiu7nOmXAvyw7VVuyXy4g==
ndi
f6867567 Location:	Summary Statistics: StDev 13.992743762940924; Max. 60.665687561035156; Min. -56.02534103393555; Valid 83708.0; Mean 2.9744108188977254 Variable Format: numeric Notes: UNF:6:xwsDtLNFEBmUcRwhAbmEKg==
debt
f6867567 Location:	Summary Statistics: Min. -83.3142318725586; StDev 28.377359697934875; Max. 166.55032348632812; Mean 32.15142221168513; Valid 85544.0; Variable Format: numeric Notes: UNF:6:n4YJRsTzXqndaEp32jP37w==
CAR
f6867567 Location:	Summary Statistics: StDev 0.06489429181700791; Mean 0.0085086644452389; Valid 6652.0; Min. -0.23922444880008698; Max. 0.25161078572273254; Variable Format: numeric Notes: UNF:6:r3S8U7/8ILyir786HVvEVQ==
lnSw
f6867567 Location:	Summary Statistics: Valid 83452.0; Mean 23.867369467852267; StDev 1.4946285698964408; Min. 17.81165885925293; Max. 29.57558822631836; Variable Format: numeric Notes: UNF:6:x0zTwIVGKxuG6ZeIWJwzuA==
avg_cash_buildup_inc
f6867567 Location:	Summary Statistics: Max. 51.47297286987305; Min. -53.06092071533203; Mean -0.31064137143790854; Valid 68359.0; StDev 11.658185535048437 Variable Format: numeric Notes: UNF:6:SpR1vLN66AuqVEP++yiHVQ==
avg_payout_inc
f6867567 Location:	Summary Statistics: Min. -8.005769729614258; StDev 1.9306130220550055; Valid 73373.0; Mean -0.02121960348576818; Max. 8.018051147460938 Variable Format: numeric Notes: UNF:6:Kzu5sNxYkorKuBePFvbxMA==
avg_inv_inc
f6867567 Location:	Summary Statistics: Max. 71.5699234008789; Min. -74.1065673828125; Valid 65062.0; Mean -1.273257305954174; StDev 16.568630218864584 Variable Format: numeric Notes: UNF:6:9cn96VXxs4748VLMZVGU2Q==
avg_wage_change_inc
f6867567 Location:	Summary Statistics: Min. -7.835899353027344; StDev 1.8241949355659641; Valid 66250.0; Max. 7.720911502838135; Mean -0.15737418883335771; Variable Format: numeric Notes: UNF:6:V/g9L0SUq6bKrhE4SIk0xA==
dist
f6867567 Location:	Summary Statistics: StDev 1.516153983687607E12; Max. 7.022560935936E12; Min. -6.419433127936E12; Valid 85543.0; Mean 5.003980285768768E10 Variable Format: numeric Notes: UNF:6:cEDYhFcAQoGqQzBaw++ZyQ==
lnwage_per_cap
f6867567 Location:	Summary Statistics: Valid 8414.0; Max. 20.986764907836914; Mean 17.133458203138236; Min. 13.117804527282715; StDev 1.096988171328858 Variable Format: numeric Notes: UNF:6:K78OnsEypn/xNgiPTFwOMw==
nempl_at
f6867567 Location:	Summary Statistics: Min. -4.472609020922391E-7; Valid 8442.0; Mean 1.8384708408489047E-7; StDev 1.756707387950684E-7; Max. 8.280166525764798E-7 Variable Format: numeric Notes: UNF:6:MTDQP0+Hr7efwwg8JkEi6g==
no_empl
f6867567 Location:	Summary Statistics: Min. -0.053078923374414444; StDev 1.386848767119093; Mean 5.34493598267621; Max. 10.232666015625; Valid 8466.0 Variable Format: numeric Notes: UNF:6:53Zxn8rSjPU+2/zCMYJj/A==
roic
f6867567 Location:	Summary Statistics: StDev 15.48753802383319; Mean 6.973750764138741; Min. -69.66288757324219; Max. 70.305419921875; Valid 84034.0 Variable Format: numeric Notes: UNF:6:SKhZsn0s9PvGgOSvYIXSEg==
inv_raise
f6867567 Location:	Summary Statistics: Max. 2.672999382019043; Valid 66867.0; StDev 0.5020236830319685; Mean 0.45877277747128614; Min. -1.747094750404358; Variable Format: numeric Notes: UNF:6:RV2WVVLAi2eTCkwTuV8PBQ==
payout_raise
f6867567 Location:	Summary Statistics: StDev 0.39686698262552517; Valid 73806.0; Max. 1.9643561840057373; Mean 0.1967121624565687; Min. -1.4703848361968994 Variable Format: numeric Notes: UNF:6:6bcpXS4b1hc2Ulbq7LKRUg==
ROIC_growth
f6867567 Location:	Summary Statistics: Max. 71.00270080566406; Min. -72.28211975097656; Mean -1.520595161812091; Valid 73806.0; StDev 15.657498308887842; Variable Format: numeric Notes: UNF:6:t0CQmBmdK+/Dw+4W4cqy4g==
cf
f6867567 Location:	Summary Statistics: Min. -36.46793746948242; Max. 48.658721923828125; Valid 84034.0; Mean 5.358811038351781; StDev 9.813082214148428 Variable Format: numeric Notes: UNF:6:8hjZ0E1KIjcz6xHhJXGUjA==
firmid
f6867572 Location:	Summary Statistics: Mean 7587.921200628652; Max. 35862.0; Min. 3.0; StDev 4380.76264200241; Valid 532720.0 Variable Format: numeric Notes: UNF:6:vfvxStIN2d1QFIVCMmyWsg==
year
f6867572 Location:	Summary Statistics: Min. 2013.0; Valid 532720.0; Max. 2014.0; Mean 2013.7057497371977; StDev 0.4557054261991773 Variable Format: numeric Notes: UNF:6:qonw3iKOSCehStF+nK09ZA==
treated
f6867572 Location:	Summary Statistics: Valid 532720.0; Mean 0.7099282925362763; Max. 1.0; StDev 0.4537956572686028; Min. 0.0 Variable Format: numeric Notes: UNF:6:OiqcuuX1aaS5zCpYg0stNw==
month
f6867572 Location:	Summary Statistics: Min. 1.0; StDev 3.347551505229615; Mean 7.289544225859744; Max. 12.0; Valid 532720.0 Variable Format: numeric Notes: UNF:6:iRuTTf/4oKAVK+KKS6IKBQ==
day
f6867572 Location:	Summary Statistics: StDev 8.687522969815483; Max. 31.0; Valid 532720.0; Min. 1.0; Mean 15.975782775191465 Variable Format: numeric Notes: UNF:6:rdUeH02PSc3x5LWNZMWR+w==
ret_d
f6867572 Location:	Summary Statistics: Valid 532720.0; StDev 0.028043709205492075; Min. -0.9269005656242371; Max. 0.6037735939025879; Mean 2.499683695629241E-4 Variable Format: numeric Notes: UNF:6:Q9akzd2JUGxEj16HxzhRgQ==
date
f6867572 Location:	Variable Format: character Notes: UNF:6:7lNrzassxV202iysKaZjiA==
ret_mkt
f6867572 Location:	Summary Statistics: Min. -0.021950552240014076; Max. 0.019353898242115974; StDev 0.006492929389341498; Valid 532720.0; Mean 1.4398314672281077E-4 Variable Format: numeric Notes: UNF:6:O0jx2ug7gEc87bNWph440g==
rf
f6867572 Location:	Summary Statistics: Min. 5.318057446856983E-5; Mean 6.501574286278007E-5; StDev 4.65012603093047E-6; Valid 532720.0; Max. 6.818784459028393E-5; Variable Format: numeric Notes: UNF:6:LCp9ufFCeR7RYLN1p1StsA==
ic
f6867572 Location:	Summary Statistics: Max. 969.0; Min. 11.0; StDev 179.57857674215714; Valid 532720.0; Mean 353.1029752965164; Variable Format: numeric Notes: UNF:6:PuR1mAQpEiRlHaxcBj8LGA==
equity_2015
f6867572 Location:	Summary Statistics: Valid 531192.0; Mean 7.016155956232178E11; Max. 1.79059820593152E14; StDev 5.49999541249766E12; Min. -2.7168669696E12 Variable Format: numeric Notes: UNF:6:YDMeq+vKYoxa3tWqu96dTA==
cash_at_inc
f6867568 Location:	Summary Statistics: StDev 9.528883989202777; Valid 83594.0; Max. 41.99838638305664; Mean 1.7293988770078017; Min. -35.4006233215332 Variable Format: numeric Notes: UNF:6:osspN27+iyv48oFYMOqbIw==
payout
f6867568 Location:	Summary Statistics: StDev 24.963833609869795; Valid 83594.0; Mean 5.818850487883484; Max. 110.8016586303711; Min. -103.94168853759766 Variable Format: numeric Notes: UNF:6:RGXIflDwYED0ZKuXiKB8Gw==
inv
f6867568 Location:	Summary Statistics: Max. 458.1058044433594; Mean 20.71834710170862; Valid 83594.0; StDev 98.36069348035835; Min. -409.7133483886719 Variable Format: numeric Notes: UNF:6:WR6cBLxBh3yWVxkz7mA4UA==
wage_inc
f6867568 Location:	Summary Statistics: Min. -62.54638671875; StDev 13.401019935345097; Mean 2.7626157688960276; Valid 83594.0; Max. 67.75609588623047 Variable Format: numeric Notes: UNF:6:eeLGmN3R52DYNGEvKGnznw==
year
f6867568 Location:	Summary Statistics: Max. 2016.0; Valid 83594.0; Min. 2010.0; Mean 2013.0; StDev 2.000011962688375 Variable Format: numeric Notes: UNF:6:6gfWYLWpq7sXP/lQOwitwg==
firmid
f6867568 Location:	Summary Statistics: Mean 27986.0; Valid 83594.0; Max. 55971.0; StDev 25059.500837899497; Min. 1.0; Variable Format: numeric Notes: UNF:6:fwlV3zWBOeLyO1QHx0OD7w==
treated
f6867568 Location:	Summary Statistics: Mean 0.5; Valid 83594.0; Min. 0.0; StDev 0.5000029906720938; Max. 1.0; Variable Format: numeric Notes: UNF:6:eMrmlXdtP/dhkrrBU8yl2A==
year
f6867573 Location:	Summary Statistics: StDev 1.117863116992743; Valid 25549.0; Max. 2016.0; Mean 2014.4993541821598; Min. 2013.0 Variable Format: numeric Notes: UNF:6:k5s5FS+pHUQIJ4HkjhkO2g==
gindex
f6867573 Location:	Summary Statistics: Min. 10.0; Mean 101.35662299854432; Max. 223.0; StDev 22.37508714486337; Valid 2748.0; Variable Format: numeric Notes: UNF:6:/du/s3kHjphNUjW8MyWI5Q==
chaebol_2015
f6867573 Location:	Summary Statistics: Mean 0.13488557213926589; StDev 0.3416081076158931; Min. 0.0; Max. 1.0; Valid 25125.0; Variable Format: numeric Notes: UNF:6:4/d+Seu2bavKuQKtEQ69Dg==
ic
f6867573 Location:	Summary Statistics: Min. 104.0; Max. 97100.0; StDev 22860.123315435038; Valid 25517.0; Mean 32705.5614296354; Variable Format: numeric Notes: UNF:6:Pm9PKffNpxjSI3teHW+kRA==
ic1
f6867573 Location:	Variable Format: character Notes: UNF:6:9yz2LhueICENn4LmJff+dg==
PICgte50
f6867573 Location:	Summary Statistics: StDev 0.496125899430205; Valid 25217.0; Max. 1.0; Min. 0.0; Mean 0.43779989689501114 Variable Format: numeric Notes: UNF:6:KeyGWloPqbqEYuV0OSdRhw==
after
f6867573 Location:	Summary Statistics: Min. 0.0; Valid 25125.0; Max. 1.0; Mean 0.49313432835820864; StDev 0.4999628099385296 Variable Format: numeric Notes: UNF:6:oSdDVAPSPVmYsheBDgslaw==
treated
f6867573 Location:	Summary Statistics: Mean 0.4980298507463167; Valid 25125.0; Max. 1.0; Min. 0.0; StDev 0.5000060689652674 Variable Format: numeric Notes: UNF:6:aUVdfMuaCow225v+RDSV8Q==
equity_2015
f6867573 Location:	Summary Statistics: Mean 2.489529939052071E11; Max. 1.79059820593152E14; Min. -2.7168669696E12; Valid 25217.0; StDev 2.755815480500151E12; Variable Format: numeric Notes: UNF:6:f3pbyUXnjIlJJKnISL9aBQ==
EstB4Crs
f6867573 Location:	Summary Statistics: Mean 0.5392314636731285; Valid 25477.0; Min. 0.0; Max. 1.0; StDev 0.4984682988932355; Variable Format: numeric Notes: UNF:6:s7vYIQFQWCMgLNwfR3G12g==
HitMoreByCrs
f6867573 Location:	Summary Statistics: StDev 0.4999945173407235; Valid 25425.0; Min. 0.0; Mean 0.49608652900687134; Max. 1.0; Variable Format: numeric Notes: UNF:6:sKrMTijcWzmdck64HxXvog==
HitLessByCrs
f6867573 Location:	Summary Statistics: Min. 0.0; Max. 1.0; Mean 0.2993572808643023; StDev 0.45798555638927413; Valid 25361.0; Variable Format: numeric Notes: UNF:6:z6zlYZMXA0S+rrbPdvXztA==
HighNI2013
f6867573 Location:	Summary Statistics: Valid 25549.0; Max. 1.0; StDev 0.49840234444260956; Min. 0.0; Mean 0.5400602763317741 Variable Format: numeric Notes: UNF:6:6Fgp2iaPJOvdAAVXnPcvEg==
firmid
f6867573 Location:	Summary Statistics: Mean 8722.550275940263; Max. 37658.0; StDev 6162.532242010079; Min. 3.0; Valid 25549.0 Variable Format: numeric Notes: UNF:6:bTsiFCGPFE0OcsZYYGxGUA==
PICgte50_flip
f6867573 Location:	Summary Statistics: Max. 1.0; Mean 0.5548945164194573; Valid 25549.0; StDev 0.4969871825490069; Min. 0.0; Variable Format: numeric Notes: UNF:6:zGFACBMeOmPBvLVnD8W7lQ==
chaebol_flip
f6867573 Location:	Summary Statistics: StDev 0.3563344475198069; Mean 0.8507573681944288; Min. 0.0; Max. 1.0; Valid 25549.0; Variable Format: numeric Notes: UNF:6:fBjSfgN2JYoj6OtOMR/B/A==
Public
f6867573 Location:	Summary Statistics: StDev 0.48873501044684087; Max. 1.0; Min. 0.0; Mean 0.39441856824140936; Valid 25549.0; Variable Format: numeric Notes: UNF:6:V+dSajPOYUY538qQFrcp2Q==
groupid
f6867573 Location:	Summary Statistics: Min. 2.0; Valid 25549.0; StDev 711718.47531956; Mean 1427355.1260323091; Max. 2070849.0; Variable Format: numeric Notes: UNF:6:YfkR379kiqqWYGLoYCHR4A==
HighGindex
f6867573 Location:	Summary Statistics: Min. 0.0; Valid 3790.0; StDev 0.49839037555626264; Mean 0.4591029023746657; Max. 1.0; Variable Format: numeric Notes: UNF:6:+VJCDbnhjWzrokjvcHGOfw==
indROIC_post
f6867573 Location:	Summary Statistics: Valid 25549.0; Min. -3.0352344512939453; StDev 1.850126687027366; Mean 5.481058906755779; Max. 15.126708030700684 Variable Format: numeric Notes: UNF:6:BuKN86U6g4Nh3tGsiwtPqw==
residual1
f6867573 Location:	Summary Statistics: Mean -1.6548084230716646E9; Valid 23965.0; Max. 6.148581376E10; Min. -6.2650544128E10; StDev 1.4859727492714851E10; Variable Format: numeric Notes: UNF:6:jKrnInJvKVZ+1aUyZxgPWQ==
residual2
f6867573 Location:	Summary Statistics: StDev 3.507362955086129E9; Max. 1.4170329088E10; Min. -1.4192441344E10; Valid 24571.0; Mean -3.7449085805670595E8 Variable Format: numeric Notes: UNF:6:dveMgbYvcdZVixKjmB7+mg==
cash_at
f6867573 Location:	Summary Statistics: Max. 62.782936096191406; Min. -39.74851608276367; Mean 10.840726194517345; StDev 13.157217723762347; Valid 25125.0 Variable Format: numeric Notes: UNF:6:2Sq9YtqagvLb64jUgoSJVA==
cash_at_inc
f6867573 Location:	Summary Statistics: StDev 7.841376442644674; Max. 33.46135711669922; Min. -31.82697105407715; Valid 25011.0; Mean 1.085711255098586; Variable Format: numeric Notes: UNF:6:qfI2qqQ6SwDnbvh0t71lNQ==
lt_cash_inc
f6867573 Location:	Summary Statistics: Min. -34.848392486572266; StDev 8.636275675127791; Mean 0.9729861683046825; Max. 34.90163040161133; Valid 25421.0 Variable Format: numeric Notes: UNF:6:5d+5G9XBwhRzlEbCZMntxQ==
payout
f6867573 Location:	Summary Statistics: Valid 25421.0; StDev 2.9404095001980095; Min. -13.244555473327637; Mean 1.174971113393399; Max. 18.095497131347656 Variable Format: numeric Notes: UNF:6:LgHAe2WLqx+sVUEyoQyGCg==
div
f6867573 Location:	Summary Statistics: StDev 1.7637375392954329; Max. 7.066415309906006; Valid 25421.0; Mean 0.5101123509124393; Min. -6.271780967712402; Variable Format: numeric Notes: UNF:6:+RgXZkvRO2HABmr7+8q1ZQ==
repurchase
f6867573 Location:	Summary Statistics: Min. -2.1316771507263184; Valid 25421.0; StDev 0.5952812679062354; Max. 2.4100358486175537; Mean 0.09205084453740713 Variable Format: numeric Notes: UNF:6:V9HOWL4nlazW3qYhJYNkbQ==
inv
f6867573 Location:	Summary Statistics: Max. 40.16619873046875; Valid 23432.0; StDev 9.641485419572032; Min. -36.116764068603516; Mean 3.463998275524872 Variable Format: numeric Notes: UNF:6:8dsoGpKrQ+Gy8aTg3vZWsw==
land_inc
f6867573 Location:	Summary Statistics: Valid 24840.0; StDev 6.356239996739858; Max. 29.501821517944336; Min. -26.476322174072266; Mean 1.157476146828107 Variable Format: numeric Notes: UNF:6:ZqujubhHlHMuF05Yjzaxtg==
bldg_inc
f6867573 Location:	Summary Statistics: Max. 19.596553802490234; Mean 1.0663779275993923; Min. -18.916839599609375; Valid 24841.0; StDev 4.790268167614861 Variable Format: numeric Notes: UNF:6:1iwa/GFsWzLmLUfgWEsuwg==
eqpt_inc
f6867573 Location:	Summary Statistics: StDev 4.158794258866934; Mean 1.2016954894474212; Min. -13.174396514892578; Valid 24852.0; Max. 17.784191131591797 Variable Format: numeric Notes: UNF:6:DQo574UxPcZNQ0XirY8iJw==
wage_inc
f6867573 Location:	Summary Statistics: Mean 0.34441930946993554; Valid 24571.0; Min. -5.975527763366699; Max. 6.933973789215088; StDev 1.4814588346682431 Variable Format: numeric Notes: UNF:6:gnAmNLVQBaJtOuxZ8KkDjw==
size
f6867573 Location:	Summary Statistics: Max. 28.588809967041016; Valid 25125.0; Min. 19.736982345581055; Mean 24.173749015618323; StDev 1.1582235559334828; Variable Format: numeric Notes: UNF:6:UKFpmmmNVpo5GjT/qS9igg==
lnS
f6867573 Location:	Summary Statistics: Mean 23.83996893191795; StDev 1.6353180996190184; Valid 25069.0; Max. 29.72589111328125; Min. 17.268470764160156 Variable Format: numeric Notes: UNF:6:Unl4/AgKpj2CfijufEu7DA==
sales
f6867573 Location:	Summary Statistics: Min. -9.594285850624E12; Max. 9.306742194176E12; Valid 25072.0; Mean 1.7718159594620786E11; StDev 2.1777862214249478E12; Variable Format: numeric Notes: UNF:6:SKK6nX3nyp/ipE+u3krvig==
sales_growth
f6867573 Location:	Summary Statistics: Mean 0.16140514646241483; StDev 0.8076011408232943; Min. -3.1189334392547607; Max. 2.9480464458465576; Valid 25050.0 Variable Format: numeric Notes: UNF:6:blpmN82S0C6fcMzWBjAmBg==
ni2at
f6867573 Location:	Summary Statistics: Valid 25113.0; Mean 2.24271749138601; Max. 52.475582122802734; Min. -51.187503814697266; StDev 11.514815741345917 Variable Format: numeric Notes: UNF:6:fa3HK9z9/rH591ylfT6QNw==
ndi
f6867573 Location:	Summary Statistics: Max. 58.51140594482422; Mean 2.919253784412208; Min. -51.56911849975586; Valid 25289.0; StDev 13.96587404737366; Variable Format: numeric Notes: UNF:6:frBMDdpE6LkKTmBYn45Xjw==
debt
f6867573 Location:	Summary Statistics: Min. -69.91088104248047; Max. 150.210693359375; Mean 31.739420153171988; Valid 25125.0; StDev 28.356925214733398 Variable Format: numeric Notes: UNF:6:XMM2QONu0vigmwTwd9V/VA==
CAR
f6867573 Location:	Summary Statistics: Mean 0.008578063947063891; Valid 7660.0; Max. 0.25161078572273254; StDev 0.06596632292221431; Min. -0.23922444880008698; Variable Format: numeric Notes: UNF:6:USz04eiYyIACGpGLWnTovg==
lnSw
f6867573 Location:	Summary Statistics: Min. 18.015668869018555; Valid 25069.0; StDev 1.489685543874892; Mean 23.885121814311297; Max. 29.304580688476562 Variable Format: numeric Notes: UNF:6:A/5ntofVyLu603TCQC42/Q==
avg_cash_buildup_inc
f6867573 Location:	Summary Statistics: StDev 11.785016347441093; Valid 25237.0; Max. 51.47297286987305; Min. -53.06092071533203; Mean -0.29501930076815513; Variable Format: numeric Notes: UNF:6:1zC9gAulTE79F4XnZA9yYA==
avg_payout_inc
f6867573 Location:	Summary Statistics: Valid 25549.0; Mean -0.026966009303802232; Max. 7.8710832595825195; StDev 1.9042182432039556; Min. -7.421999454498291 Variable Format: numeric Notes: UNF:6:tf+LCegJaYyN++Il9QxgIA==
avg_inv_inc
f6867573 Location:	Summary Statistics: Valid 24307.0; Max. 64.36476135253906; Min. -63.72077560424805; Mean -1.2425436513816794; StDev 16.459048645629373; Variable Format: numeric Notes: UNF:6:Na2noId47yfjgwYRir2/4A==
avg_wage_change_inc
f6867573 Location:	Summary Statistics: Valid 24759.0; Max. 7.112358570098877; StDev 1.840651800065862; Mean -0.15519909553423022; Min. -6.946307182312012; Variable Format: numeric Notes: UNF:6:A+3Jhm2TDkkJc4LQhpPwkA==
dist
f6867573 Location:	Summary Statistics: StDev 1.5145164194217327E12; Valid 25125.0; Mean 6.1764711844813545E10; Max. 6.091735826432E12; Min. -5.640634761216E12 Variable Format: numeric Notes: UNF:6:pvTN1vV2o5D9breP/aPgQw==
lnwage_per_cap
f6867573 Location:	Summary Statistics: Mean 17.130597861688727; Min. 13.117804527282715; StDev 1.0954391601179547; Max. 20.910846710205078; Valid 9239.0; Variable Format: numeric Notes: UNF:6:sD+ghoV+roFlWEnwQLblmw==
nempl_at
f6867573 Location:	Summary Statistics: Mean 1.8534344847794483E-7; StDev 1.7478606457455784E-7; Valid 9284.0; Min. -4.472609020922391E-7; Max. 8.280166525764798E-7; Variable Format: numeric Notes: UNF:6:MvuSCv/UFjXJT9TnmqUnKQ==
no_empl
f6867573 Location:	Summary Statistics: Min. -0.053078923374414444; Valid 9288.0; StDev 1.3757223176183877; Max. 10.232666015625; Mean 5.339340532918499 Variable Format: numeric Notes: UNF:6:DaCH/uxyvz6wTSoMZbveBg==
roic
f6867573 Location:	Summary Statistics: Valid 25421.0; Min. -51.98860549926758; StDev 15.387136659624742; Mean 7.165014658178252; Max. 65.79957580566406 Variable Format: numeric Notes: UNF:6:0TJxtYocpW2jiNbe65MpXw==
inv_raise
f6867573 Location:	Summary Statistics: Valid 23937.0; Min. -1.5422033071517944; Max. 2.5971839427948; StDev 0.4991740678468171; Mean 0.4513956656755397 Variable Format: numeric Notes: UNF:6:IZ8Jjv8ue28npQArGKssyw==
payout_raise
f6867573 Location:	Summary Statistics: StDev 0.39823704023698747; Valid 25092.0; Min. -1.2065904140472412; Max. 1.8978480100631714; Mean 0.19969003435433688 Variable Format: numeric Notes: UNF:6:QVdej9kcJi7c8D8iToS+Qg==
ROIC_growth
f6867573 Location:	Summary Statistics: Max. 71.00270080566406; Mean -1.5823686014533824; Valid 25092.0; StDev 15.70881405167059; Min. -61.37847137451172 Variable Format: numeric Notes: UNF:6:4cK+7CGhaXff/voFoDTLGQ==
cf
f6867573 Location:	Summary Statistics: Min. -36.46793746948242; Valid 25421.0; Max. 40.61991500854492; StDev 9.83415843067405; Mean 5.321502681614958 Variable Format: numeric Notes: UNF:6:dK82JvNayJDOMzhuNFsoyg==
matchedfirmid
f6867573 Location:	Summary Statistics: Max. 37464.0; Valid 12778.0; Mean 9955.620363124082; Min. 13.0; StDev 6413.25669325541 Variable Format: numeric Notes: UNF:6:POWeNdEb04G8Rp8z1CbuXw==
Other Study-Related Materials
Label:	KKK_figures_tables_replication.do
Notes:	application/x-stata-syntax

Document Description

Citation

Title:

Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"

Identification Number:

doi:10.7910/DVN/UVQG2W

Distributor:

Harvard Dataverse

Date of Distribution:

2023-01-04

Version:

Bibliographic Citation:

Kim, Hwanki Brian; Kim, Woojin; Kronlund, Mathias, 2023, "Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"", https://doi.org/10.7910/DVN/UVQG2W, Harvard Dataverse, V1, UNF:6:8+5l3lzS3mKtyak4jN8upA== [fileUNF]

Study Description

Citation

Title:

Replication Code for: "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment"

Identification Number:

doi:10.7910/DVN/UVQG2W

Authoring Entity:

Kim, Hwanki Brian (Baylor University)

Kim, Woojin (Seoul National University)

Kronlund, Mathias (Tulane University)

Distributor:

Harvard Dataverse

Access Authority:

Kim, Hwanki Brian

Depositor:

Kim, Hwanki Brian

Date of Deposit:

2023-01-04

Holdings Information:

https://doi.org/10.7910/DVN/UVQG2W

Study Scope

Keywords:

Business and Management

Abstract:

The files contain the replication codes in STATA for "Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment".

Methodology and Processing

Sources Statement

Data Access

Other Study Description Materials

Related Publications

Citation

Identification Number:

10.1093/rfs/hhac094

Bibliographic Citation:

Option 1: Forthcoming, Review of Financial Studies If the DOI for your paper is available, include that information in the fields below marked ID Type, ID Number, and URL. Option 2: If your paper has been published in an issue, go to the paper on the OUP website and click the "cite" link. Copy the full citation, including the link, here.

File Description--f6867571

File: pseudo_FW_voc_matched_sample.tab

Number of cases: 8899
No. of variables per record: 14
Type of File: text/tab-separated-values

Notes:

UNF:6:7GFcpybyCXrkaXw3LgVmQQ==

File Description--f6867569

File: pseudo_FW_voc_sample.tab

Number of cases: 11159
No. of variables per record: 13
Type of File: text/tab-separated-values

Notes:

UNF:6:KLvpAtufpIJDn4bW7Bm/jw==

File Description--f6867567

File: pseudo_panel_sample.tab

Number of cases: 150285
No. of variables per record: 54
Type of File: text/tab-separated-values

Notes:

UNF:6:KMnIps7QrZtg7FaUSLOY1Q==

File Description--f6867572

File: pseudo_portfolio_sample.tab

Number of cases: 532720
No. of variables per record: 11
Type of File: text/tab-separated-values

Notes:

UNF:6:lMxTWvrukt3927cCd0N7UA==

File Description--f6867568

File: pseudo_treated_matched_Figures.tab

Number of cases: 83594
No. of variables per record: 7
Type of File: text/tab-separated-values

Notes:

UNF:6:XKZMyYbZ05gbmRGyP43XkA==

File Description--f6867573

File: pseudo_treated_matched_sample.tab

Number of cases: 25549
No. of variables per record: 56
Type of File: text/tab-separated-values

Notes:

UNF:6:AgfGTFOBm/cgE8sUXdKkqA==

Variable Description

List of Variables:

firmid
year
treated
after
equity_2015
excess_ret
dCash
dEarn
dNA
dRD
dDiv
cash2cap_l1
debt_mkt
matchedfirmid
firmid
year
treated
after
equity_2015
excess_ret
dCash
dEarn
dNA
dRD
dDiv
cash2cap_l1
debt_mkt
year
gindex - gindex
chaebol_2015
ic
PICgte50
after
treated
equity_2015
EstB4Crs
HitMoreByCrs
HitLessByCrs
HighNI2013
firmid
PICgte50_flip
chaebol_flip
Public
groupid
HighGindex
indROIC_post
residual1
residual2
cash_at
cash_at_inc
lt_cash_inc
payout
div
repurchase
inv
land_inc
bldg_inc
eqpt_inc
wage_inc
size
lnS
sales
sales_growth
ni2at
ndi
debt
CAR
lnSw
avg_cash_buildup_inc
avg_payout_inc
avg_inv_inc
avg_wage_change_inc
dist
lnwage_per_cap
nempl_at
no_empl
roic
inv_raise
payout_raise
ROIC_growth
cf
firmid
year
treated
month
day
ret_d
date
ret_mkt
rf
ic
equity_2015
cash_at_inc
payout
inv
wage_inc
year
firmid
treated
year
gindex - gindex
chaebol_2015
ic
ic1
PICgte50
after
treated
equity_2015
EstB4Crs
HitMoreByCrs
HitLessByCrs
HighNI2013
firmid
PICgte50_flip
chaebol_flip
Public
groupid
HighGindex
indROIC_post
residual1
residual2
cash_at
cash_at_inc
lt_cash_inc
payout
div
repurchase
inv
land_inc
bldg_inc
eqpt_inc
wage_inc
size
lnS
sales
sales_growth
ni2at
ndi
debt
CAR
lnSw
avg_cash_buildup_inc
avg_payout_inc
avg_inv_inc
avg_wage_change_inc
dist
lnwage_per_cap
nempl_at
no_empl
roic
inv_raise
payout_raise
ROIC_growth
cf
matchedfirmid

Variables

firmid

f6867571 Location:

Summary Statistics: Valid 8899.0; Mean 7720.8695359029; Min. 3.0; Max. 35862.0; StDev 4541.967735839948

Variable Format: numeric

Notes: UNF:6:OpqDPnPomyfQmgFv+u9owQ==

year

f6867571 Location:

Summary Statistics: Mean 2013.5305090459601; Min. 2011.0; Max. 2016.0; Valid 8899.0; StDev 1.8551886013185175

Variable Format: numeric

Notes: UNF:6:73L9exuDmfdGcsE9fqdrCg==

treated

f6867571 Location:

Summary Statistics: Min. 0.0; Mean 0.6036633329587399; StDev 0.4891633693403449; Max. 1.0; Valid 8899.0

Variable Format: numeric

Notes: UNF:6:zjdvQhG3gmeh1sZghvgBTQ==

after

f6867571 Location:

Summary Statistics: Mean 0.4302730643892579; StDev 0.49514210511138557; Max. 1.0; Min. 0.0; Valid 8899.0

Variable Format: numeric

Notes: UNF:6:K40D4es/Ottb0QwhlpkWAA==

equity_2015

f6867571 Location:

Summary Statistics: Valid 8694.0; Min. -4.31174680576E11; StDev 3.882979249480441E12; Max. 1.36428260425728E14; Mean 4.7426158176557855E11;

Variable Format: numeric

Notes: UNF:6:V905bFD8nkD+vNC52eZF5g==

excess_ret

f6867571 Location:

Summary Statistics: Valid 8899.0; Mean -0.03383675068608781; StDev 0.5541912123924173; Min. -2.0465657711029053; Max. 1.964722752571106

Variable Format: numeric

Notes: UNF:6:omkXa1MHjWhDHe6fl5iM1g==

dCash

f6867571 Location:

Summary Statistics: Max. 0.5657650828361511; StDev 0.14552039264007072; Min. -0.5220784544944763; Mean 0.011464645852719604; Valid 8899.0

Variable Format: numeric

Notes: UNF:6:byhSFa9lcBwUlj52Kd1zig==

dEarn

f6867571 Location:

Summary Statistics: Max. 0.3722153604030609; Min. -0.42121633887290955; Valid 8899.0; Mean 0.003452787660939364; StDev 0.10882005582519708

Variable Format: numeric

Notes: UNF:6:uUjRYS+LKMvIMcKUkTDJ5A==

dNA

f6867571 Location:

Summary Statistics: StDev 0.3358421179383155; Min. -1.0743739604949951; Valid 8899.0; Max. 1.2480065822601318; Mean 0.029214930985231157

Variable Format: numeric

Notes: UNF:6:l2Aa08eq7UxF8YwIeBt+HA==

dRD

f6867571 Location:

Summary Statistics: Min. -0.04477684199810028; StDev 0.013060212201632579; Valid 8899.0; Max. 0.05947616696357727; Mean 0.0019472666155659504;

Variable Format: numeric

Notes: UNF:6:fJh0ASaQKsVvq9Q7noukhg==

dDiv

f6867571 Location:

Summary Statistics: Valid 8899.0; Min. -0.022211825475096703; StDev 0.006405978853902961; Max. 0.024345390498638153; Mean 5.009505992817877E-4

Variable Format: numeric

Notes: UNF:6:Qned6ED5J3rRTMH0GdXoaw==

cash2cap_l1

f6867571 Location:

Summary Statistics: StDev 0.2726327534751328; Mean 0.2591286264492041; Min. -0.6399750113487244; Valid 8899.0; Max. 1.3533490896224976;

Variable Format: numeric

Notes: UNF:6:p6f7zEb/0tVBfb0zObI2hw==

debt_mkt

f6867571 Location:

Summary Statistics: Valid 8899.0; Mean 0.19749375408020187; StDev 0.19460168233312747; Min. -0.5517979860305786; Max. 0.925543487071991

Variable Format: numeric

Notes: UNF:6:V58cxGEqdtINEhmiogljeg==

matchedfirmid

f6867571 Location:

Summary Statistics: Max. 35862.0; Mean 8386.891474311247; Min. 14.0; Valid 5372.0; StDev 5445.420344774542

Variable Format: numeric

Notes: UNF:6:azC74n/E8DShH5mZwj/LFw==

firmid

f6867569 Location:

Summary Statistics: Max. 37443.0; Min. 3.0; Mean 7930.523075544341; StDev 5060.208462307138; Valid 11159.0;

Variable Format: numeric

Notes: UNF:6:hgAqXdmWF81wDbMiLaA0Ng==

year

f6867569 Location:

Summary Statistics: Min. 2011.0; Mean 2014.102338919258; Max. 2017.0; Valid 11159.0; StDev 2.002667359007495

Variable Format: numeric

Notes: UNF:6:TI5C3I/1tErq6/kKpSM/HA==

treated

f6867569 Location:

Summary Statistics: Mean 0.7082914343175852; Min. 0.0; Valid 10939.0; Max. 1.0; StDev 0.45456965144112027

Variable Format: numeric

Notes: UNF:6:cdtQPM2HhV42X5flBkO1ZA==

after

f6867569 Location:

Summary Statistics: Min. 0.0; StDev 0.49751105491869296; Valid 11159.0; Mean 0.44995071242943113; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:6x7l1Boqv0ffcMehNbDbqQ==

equity_2015

f6867569 Location:

Summary Statistics: Mean 5.855875623268239E11; Max. 1.36428260425728E14; Valid 10651.0; Min. -9.49546713088E11; StDev 4.366585758303233E12

Variable Format: numeric

Notes: UNF:6:rDQQfiISi3XZtju/ToreHw==

excess_ret

f6867569 Location:

Summary Statistics: StDev 0.5468343850494658; Min. -2.0465657711029053; Valid 11159.0; Mean -0.032568925680868104; Max. 1.964722752571106

Variable Format: numeric

Notes: UNF:6:lUwMqCCkPpPqkhiCXDiAKw==

dCash

f6867569 Location:

Summary Statistics: Valid 11159.0; Max. 0.5657650828361511; StDev 0.14573107248316627; Mean 0.009787286959624638; Min. -0.554694652557373

Variable Format: numeric

Notes: UNF:6:qVUgfDIFiVi/3BkQsKAwaw==

dEarn

f6867569 Location:

Summary Statistics: Valid 11159.0; StDev 0.11010045043201691; Max. 0.37920045852661133; Mean 0.004222008703990479; Min. -0.42121633887290955

Variable Format: numeric

Notes: UNF:6:DeGW4gz8Pbhi8OayAh2QOw==

dNA

f6867569 Location:

Summary Statistics: Valid 11159.0; Max. 1.2480065822601318; Min. -1.2844080924987793; Mean 0.030422398379862912; StDev 0.33530089397121304

Variable Format: numeric

Notes: UNF:6:gHx1ryugtMJUyb4yCtPgog==

dRD

f6867569 Location:

Summary Statistics: Mean 0.002129344113905182; Valid 11159.0; Max. 0.05947616696357727; Min. -0.04477684199810028; StDev 0.012792584441870015

Variable Format: numeric

Notes: UNF:6:1/oVeWmLwCoo/qngVL14yg==

dDiv

f6867569 Location:

Summary Statistics: Mean 4.5128543915875586E-4; Min. -0.02467961795628071; Max. 0.024345390498638153; Valid 11159.0; StDev 0.006413899115249741

Variable Format: numeric

Notes: UNF:6:wLnwN2cqxGeggV/bYdTlJQ==

cash2cap_l1

f6867569 Location:

Summary Statistics: StDev 0.26945020702806866; Mean 0.2578120957508707; Min. -0.6996293663978577; Max. 1.3533490896224976; Valid 11159.0

Variable Format: numeric

Notes: UNF:6:88Ok/SNzaPMCB5KqbirQxw==

debt_mkt

f6867569 Location:

Summary Statistics: Valid 11159.0; StDev 0.1951533041250729; Min. -0.5517979860305786; Mean 0.19782502479426448; Max. 0.925543487071991

Variable Format: numeric

Notes: UNF:6:ozYhokHfhawJ5GpOZrXtIA==

year

f6867567 Location:

Summary Statistics: Valid 150285.0; Mean 2014.500043251156; StDev 1.1181120996668803; Max. 2016.0; Min. 2013.0;

Variable Format: numeric

Notes: UNF:6:wMki1E0Z7Co64EJX63kvGg==

gindex

f6867567 Location:

Summary Statistics: Min. 10.0; Max. 223.0; Mean 102.71316614420098; Valid 2552.0; StDev 22.723898295638275;

Variable Format: numeric

Notes: UNF:6:RMNVlgi2ex18imOUm8zagw==

chaebol_2015

f6867567 Location:

Summary Statistics: StDev 0.2127246198825457; Valid 85543.0; Min. 0.0; Max. 1.0; Mean 0.047508270694275136;

Variable Format: numeric

Notes: UNF:6:EpTYxnvtyQMpazkbXU5bOw==

f6867567 Location:

Summary Statistics: Valid 149976.0; Min. 1.0; StDev 20786.6407054946; Max. 97100.0; Mean 34139.57693897682;

Variable Format: numeric

Notes: UNF:6:7Z+P55fJMxRMw9OSXPPgTA==

PICgte50

f6867567 Location:

Summary Statistics: Min. 0.0; StDev 0.3425028056992439; Valid 88566.0; Max. 1.0; Mean 0.13572928663368952

Variable Format: numeric

Notes: UNF:6:THdqT01YFBv3O9gwaxpIqg==

after

f6867567 Location:

Summary Statistics: StDev 0.4999701769137287; Max. 1.0; Mean 0.5057222683328871; Valid 85543.0; Min. 0.0

Variable Format: numeric

Notes: UNF:6:PT4wxtoaYQkz5WGXI679rQ==

treated

f6867567 Location:

Summary Statistics: Max. 1.0; Valid 80671.0; StDev 0.37600421515858434; Min. 0.0; Mean 0.1704205972407101;

Variable Format: numeric

Notes: UNF:6:cNoTsB/HIpeIlmpomEAZtg==

equity_2015

f6867567 Location:

Summary Statistics: Valid 88566.0; Max. 1.79059820593152E14; Mean 8.231104588770003E10; Min. -2.7168669696E12; StDev 1.5456261395371362E12

Variable Format: numeric

Notes: UNF:6:iWmd30QR5+hECejzUB6VRQ==

EstB4Crs

f6867567 Location:

Summary Statistics: Max. 1.0; Valid 149757.0; StDev 0.48982201055552876; Mean 0.39962071889794637; Min. 0.0

Variable Format: numeric

Notes: UNF:6:wlCSDPrBJaIfb7JmpX9o4g==

HitMoreByCrs

f6867567 Location:

Summary Statistics: Mean 0.46772573907455095; Min. 0.0; StDev 0.4989589549739329; Valid 149376.0; Max. 1.0

Variable Format: numeric

Notes: UNF:6:uow8oDmeXiQJJw+IBJJVsw==

HitLessByCrs

f6867567 Location:

Summary Statistics: Valid 148912.0; Mean 0.22356828193836786; StDev 0.41663733743948445; Min. 0.0; Max. 1.0

Variable Format: numeric

Notes: UNF:6:LuwmcgndP3ljL2aT4SaWaQ==

HighNI2013

f6867567 Location:

Summary Statistics: Min. 0.0; Mean 0.5005998800239941; StDev 0.5000030485855286; Max. 1.0; Valid 73348.0

Variable Format: numeric

Notes: UNF:6:LtvB2Bpjxz6/CSMn4z4b/w==

firmid

f6867567 Location:

Summary Statistics: Min. 1.0; Max. 37663.0; StDev 10872.91921978939; Mean 18824.72648634261; Valid 150285.0;

Variable Format: numeric

Notes: UNF:6:zSCJJuEKhJ2D/Cny2I157A==

PICgte50_flip

f6867567 Location:

Summary Statistics: StDev 0.49991456439977755; Mean 0.5093322686895608; Min. 0.0; Valid 150285.0; Max. 1.0

Variable Format: numeric

Notes: UNF:6:lvhmjH9rDC+2fbr4fU7eLw==

chaebol_flip

f6867567 Location:

Summary Statistics: Valid 150285.0; Max. 1.0; StDev 0.4982207485607227; Mean 0.5421632232092295; Min. 0.0

Variable Format: numeric

Notes: UNF:6:DvSGRxdaBBXIx0YZePBuag==

Public

f6867567 Location:

Summary Statistics: Max. 1.0; Mean 0.08188441960271331; Min. 0.0; Valid 150285.0; StDev 0.27418946310438197;

Variable Format: numeric

Notes: UNF:6:H4DeYy6HGZCRaNLx2izz1Q==

groupid

f6867567 Location:

Summary Statistics: Min. 2.0; StDev 410647.2225172181; Mean 1919890.0934424775; Max. 2900020.0; Valid 150285.0

Variable Format: numeric

Notes: UNF:6:1UeMiI1vdX/Y6ULTA3tQZg==

HighGindex

f6867567 Location:

Summary Statistics: Min. 0.0; Valid 10487.0; Mean 0.4944216649184543; Max. 1.0; StDev 0.49999272046937804;

Variable Format: numeric

Notes: UNF:6:rSGvZQLy0pcQF/8gj9NdtA==

indROIC_post

f6867567 Location:

Summary Statistics: StDev 1.646588349904075; Min. -5.462220191955566; Valid 150285.0; Mean 5.502262361777747; Max. 15.126708030700684

Variable Format: numeric

Notes: UNF:6:xnntgHzycn6UBFCpfr8ivw==

residual1

f6867567 Location:

Summary Statistics: Max. 6.854258688E10; Mean -1.7187418197327595E9; StDev 1.4926557049806326E10; Min. -6.2650544128E10; Valid 73245.0

Variable Format: numeric

Notes: UNF:6:Kcg2D8mXoEXLe6gAbgz5pw==

residual2

f6867567 Location:

Summary Statistics: StDev 3.5235140119369063E9; Min. -1.8026631168E10; Mean -3.242322515007829E8; Max. 1.4170329088E10; Valid 75486.0

Variable Format: numeric

Notes: UNF:6:6Ts6l4DpmHNP46CD58drEg==

cash_at

f6867567 Location:

Summary Statistics: Mean 10.705793734756032; Valid 85544.0; Min. -48.00046920776367; StDev 13.082910919581606; Max. 63.51205825805664;

Variable Format: numeric

Notes: UNF:6:FfP5ma1cSq8lm/Pry80G9w==

cash_at_inc

f6867567 Location:

Summary Statistics: StDev 7.910015246068063; Min. -31.82697105407715; Mean 0.9977909342745752; Valid 77947.0; Max. 35.78022003173828;

Variable Format: numeric

Notes: UNF:6:GZqAeR9OjGFj0JZlRmaCgg==

lt_cash_inc

f6867567 Location:

Summary Statistics: Max. 38.40975570678711; Valid 84020.0; Min. -34.848392486572266; Mean 0.963905692854211; StDev 8.621278366081851

Variable Format: numeric

Notes: UNF:6:SgDiSfnsef6BxcnfCktV1A==

payout

f6867567 Location:

Summary Statistics: Mean 0.668663263086469; Max. 18.095497131347656; Min. -13.244555473327637; StDev 2.28523575818536; Valid 84034.0

Variable Format: numeric

Notes: UNF:6:58gBJo5iGCK4VrgH4AObpw==

div

f6867567 Location:

Summary Statistics: Min. -7.058809757232666; Max. 7.950286865234375; Valid 84034.0; Mean 0.5023222307372032; StDev 1.773910336830596;

Variable Format: numeric

Notes: UNF:6:g21sebAB30qz0VmVoUXLvw==

repurchase

f6867567 Location:

Summary Statistics: Min. -2.3987178802490234; Mean 0.08901878124852496; Max. 2.481785535812378; StDev 0.5919261138383985; Valid 84034.0

Variable Format: numeric

Notes: UNF:6:3Rl2HL5gDPBBIUdARMWhWw==

inv

f6867567 Location:

Summary Statistics: Mean 3.524523685580705; Max. 47.487003326416016; Min. -36.116764068603516; Valid 71577.0; StDev 9.633676235380827

Variable Format: numeric

Notes: UNF:6:SL8ihpjBaj/joeeWZFMR4w==

land_inc

f6867567 Location:

Summary Statistics: Mean 1.1159560152825874; StDev 6.337232368549062; Valid 76391.0; Min. -26.476322174072266; Max. 29.501821517944336

Variable Format: numeric

Notes: UNF:6:+3wE63CFRRNfpzak+UvhUg==

bldg_inc

f6867567 Location:

Summary Statistics: StDev 4.7834610506268636; Min. -19.55266761779785; Valid 76392.0; Mean 1.0114401982135242; Max. 20.88629150390625;

Variable Format: numeric

Notes: UNF:6:Luju1hGXre8u9lFTaBcGtQ==

eqpt_inc

f6867567 Location:

Summary Statistics: Valid 76487.0; Mean 1.194673540648703; Max. 21.282245635986328; StDev 4.17910075967883; Min. -19.041210174560547

Variable Format: numeric

Notes: UNF:6:Nzt/BeWBPIn8KTK5ZZg51g==

wage_inc

f6867567 Location:

Summary Statistics: StDev 1.4798190608575885; Max. 6.933973789215088; Min. -5.975527763366699; Valid 75507.0; Mean 0.3405238095067617;

Variable Format: numeric

Notes: UNF:6:2DYVneot7H/A0hgtM0kYEg==

size

f6867567 Location:

Summary Statistics: Min. 19.122787475585938; Max. 29.0321102142334; Mean 24.168513664413993; Valid 85544.0; StDev 1.1616747023893848

Variable Format: numeric

Notes: UNF:6:hZhktwM959O1/HOJ3gmLTw==

lnS

f6867567 Location:

Summary Statistics: Max. 31.315067291259766; Min. 16.409393310546875; Valid 83452.0; StDev 1.6377568005264886; Mean 23.85970570381379;

Variable Format: numeric

Notes: UNF:6:PoJTYTYdB29Z2y+JvYLFYg==

sales

f6867567 Location:

Summary Statistics: Min. -9.594285850624E12; Mean 1.758095167141467E11; StDev 2.1821395669684888E12; Valid 83467.0; Max. 9.852060434432E12

Variable Format: numeric

Notes: UNF:6:+iIoqRa04MPfjdxpcWknAA==

sales_growth

f6867567 Location:

Summary Statistics: StDev 0.8108498010644843; Max. 3.3470399379730225; Min. -3.1189334392547607; Valid 76150.0; Mean 0.1560184122985549

Variable Format: numeric

Notes: UNF:6:L/ZSpGTo2Ty6KPsEyToQWA==

ni2at

f6867567 Location:

Summary Statistics: Max. 53.882713317871094; StDev 11.529410921829426; Mean 2.137215539397261; Valid 78260.0; Min. -59.24603271484375

Variable Format: numeric

Notes: UNF:6:FJiu7nOmXAvyw7VVuyXy4g==

ndi

f6867567 Location:

Summary Statistics: StDev 13.992743762940924; Max. 60.665687561035156; Min. -56.02534103393555; Valid 83708.0; Mean 2.9744108188977254

Variable Format: numeric

Notes: UNF:6:xwsDtLNFEBmUcRwhAbmEKg==

debt

f6867567 Location:

Summary Statistics: Min. -83.3142318725586; StDev 28.377359697934875; Max. 166.55032348632812; Mean 32.15142221168513; Valid 85544.0;

Variable Format: numeric

Notes: UNF:6:n4YJRsTzXqndaEp32jP37w==

CAR

f6867567 Location:

Summary Statistics: StDev 0.06489429181700791; Mean 0.0085086644452389; Valid 6652.0; Min. -0.23922444880008698; Max. 0.25161078572273254;

Variable Format: numeric

Notes: UNF:6:r3S8U7/8ILyir786HVvEVQ==

lnSw

f6867567 Location:

Summary Statistics: Valid 83452.0; Mean 23.867369467852267; StDev 1.4946285698964408; Min. 17.81165885925293; Max. 29.57558822631836;

Variable Format: numeric

Notes: UNF:6:x0zTwIVGKxuG6ZeIWJwzuA==

avg_cash_buildup_inc

f6867567 Location:

Summary Statistics: Max. 51.47297286987305; Min. -53.06092071533203; Mean -0.31064137143790854; Valid 68359.0; StDev 11.658185535048437

Variable Format: numeric

Notes: UNF:6:SpR1vLN66AuqVEP++yiHVQ==

avg_payout_inc

f6867567 Location:

Summary Statistics: Min. -8.005769729614258; StDev 1.9306130220550055; Valid 73373.0; Mean -0.02121960348576818; Max. 8.018051147460938

Variable Format: numeric

Notes: UNF:6:Kzu5sNxYkorKuBePFvbxMA==

avg_inv_inc

f6867567 Location:

Summary Statistics: Max. 71.5699234008789; Min. -74.1065673828125; Valid 65062.0; Mean -1.273257305954174; StDev 16.568630218864584

Variable Format: numeric

Notes: UNF:6:9cn96VXxs4748VLMZVGU2Q==

avg_wage_change_inc

f6867567 Location:

Summary Statistics: Min. -7.835899353027344; StDev 1.8241949355659641; Valid 66250.0; Max. 7.720911502838135; Mean -0.15737418883335771;

Variable Format: numeric

Notes: UNF:6:V/g9L0SUq6bKrhE4SIk0xA==

dist

f6867567 Location:

Summary Statistics: StDev 1.516153983687607E12; Max. 7.022560935936E12; Min. -6.419433127936E12; Valid 85543.0; Mean 5.003980285768768E10

Variable Format: numeric

Notes: UNF:6:cEDYhFcAQoGqQzBaw++ZyQ==

lnwage_per_cap

f6867567 Location:

Summary Statistics: Valid 8414.0; Max. 20.986764907836914; Mean 17.133458203138236; Min. 13.117804527282715; StDev 1.096988171328858

Variable Format: numeric

Notes: UNF:6:K78OnsEypn/xNgiPTFwOMw==

nempl_at

f6867567 Location:

Summary Statistics: Min. -4.472609020922391E-7; Valid 8442.0; Mean 1.8384708408489047E-7; StDev 1.756707387950684E-7; Max. 8.280166525764798E-7

Variable Format: numeric

Notes: UNF:6:MTDQP0+Hr7efwwg8JkEi6g==

no_empl

f6867567 Location:

Summary Statistics: Min. -0.053078923374414444; StDev 1.386848767119093; Mean 5.34493598267621; Max. 10.232666015625; Valid 8466.0

Variable Format: numeric

Notes: UNF:6:53Zxn8rSjPU+2/zCMYJj/A==

roic

f6867567 Location:

Summary Statistics: StDev 15.48753802383319; Mean 6.973750764138741; Min. -69.66288757324219; Max. 70.305419921875; Valid 84034.0

Variable Format: numeric

Notes: UNF:6:SKhZsn0s9PvGgOSvYIXSEg==

inv_raise

f6867567 Location:

Summary Statistics: Max. 2.672999382019043; Valid 66867.0; StDev 0.5020236830319685; Mean 0.45877277747128614; Min. -1.747094750404358;

Variable Format: numeric

Notes: UNF:6:RV2WVVLAi2eTCkwTuV8PBQ==

payout_raise

f6867567 Location:

Summary Statistics: StDev 0.39686698262552517; Valid 73806.0; Max. 1.9643561840057373; Mean 0.1967121624565687; Min. -1.4703848361968994

Variable Format: numeric

Notes: UNF:6:6bcpXS4b1hc2Ulbq7LKRUg==

ROIC_growth

f6867567 Location:

Summary Statistics: Max. 71.00270080566406; Min. -72.28211975097656; Mean -1.520595161812091; Valid 73806.0; StDev 15.657498308887842;

Variable Format: numeric

Notes: UNF:6:t0CQmBmdK+/Dw+4W4cqy4g==

f6867567 Location:

Summary Statistics: Min. -36.46793746948242; Max. 48.658721923828125; Valid 84034.0; Mean 5.358811038351781; StDev 9.813082214148428

Variable Format: numeric

Notes: UNF:6:8hjZ0E1KIjcz6xHhJXGUjA==

firmid

f6867572 Location:

Summary Statistics: Mean 7587.921200628652; Max. 35862.0; Min. 3.0; StDev 4380.76264200241; Valid 532720.0

Variable Format: numeric

Notes: UNF:6:vfvxStIN2d1QFIVCMmyWsg==

year

f6867572 Location:

Summary Statistics: Min. 2013.0; Valid 532720.0; Max. 2014.0; Mean 2013.7057497371977; StDev 0.4557054261991773

Variable Format: numeric

Notes: UNF:6:qonw3iKOSCehStF+nK09ZA==

treated

f6867572 Location:

Summary Statistics: Valid 532720.0; Mean 0.7099282925362763; Max. 1.0; StDev 0.4537956572686028; Min. 0.0

Variable Format: numeric

Notes: UNF:6:OiqcuuX1aaS5zCpYg0stNw==

month

f6867572 Location:

Summary Statistics: Min. 1.0; StDev 3.347551505229615; Mean 7.289544225859744; Max. 12.0; Valid 532720.0

Variable Format: numeric

Notes: UNF:6:iRuTTf/4oKAVK+KKS6IKBQ==

day

f6867572 Location:

Summary Statistics: StDev 8.687522969815483; Max. 31.0; Valid 532720.0; Min. 1.0; Mean 15.975782775191465

Variable Format: numeric

Notes: UNF:6:rdUeH02PSc3x5LWNZMWR+w==

ret_d

f6867572 Location:

Summary Statistics: Valid 532720.0; StDev 0.028043709205492075; Min. -0.9269005656242371; Max. 0.6037735939025879; Mean 2.499683695629241E-4

Variable Format: numeric

Notes: UNF:6:Q9akzd2JUGxEj16HxzhRgQ==

date

f6867572 Location:

Variable Format: character

Notes: UNF:6:7lNrzassxV202iysKaZjiA==

ret_mkt

f6867572 Location:

Summary Statistics: Min. -0.021950552240014076; Max. 0.019353898242115974; StDev 0.006492929389341498; Valid 532720.0; Mean 1.4398314672281077E-4

Variable Format: numeric

Notes: UNF:6:O0jx2ug7gEc87bNWph440g==

f6867572 Location:

Summary Statistics: Min. 5.318057446856983E-5; Mean 6.501574286278007E-5; StDev 4.65012603093047E-6; Valid 532720.0; Max. 6.818784459028393E-5;

Variable Format: numeric

Notes: UNF:6:LCp9ufFCeR7RYLN1p1StsA==

f6867572 Location:

Summary Statistics: Max. 969.0; Min. 11.0; StDev 179.57857674215714; Valid 532720.0; Mean 353.1029752965164;

Variable Format: numeric

Notes: UNF:6:PuR1mAQpEiRlHaxcBj8LGA==

equity_2015

f6867572 Location:

Summary Statistics: Valid 531192.0; Mean 7.016155956232178E11; Max. 1.79059820593152E14; StDev 5.49999541249766E12; Min. -2.7168669696E12

Variable Format: numeric

Notes: UNF:6:YDMeq+vKYoxa3tWqu96dTA==

cash_at_inc

f6867568 Location:

Summary Statistics: StDev 9.528883989202777; Valid 83594.0; Max. 41.99838638305664; Mean 1.7293988770078017; Min. -35.4006233215332

Variable Format: numeric

Notes: UNF:6:osspN27+iyv48oFYMOqbIw==

payout

f6867568 Location:

Summary Statistics: StDev 24.963833609869795; Valid 83594.0; Mean 5.818850487883484; Max. 110.8016586303711; Min. -103.94168853759766

Variable Format: numeric

Notes: UNF:6:RGXIflDwYED0ZKuXiKB8Gw==

inv

f6867568 Location:

Summary Statistics: Max. 458.1058044433594; Mean 20.71834710170862; Valid 83594.0; StDev 98.36069348035835; Min. -409.7133483886719

Variable Format: numeric

Notes: UNF:6:WR6cBLxBh3yWVxkz7mA4UA==

wage_inc

f6867568 Location:

Summary Statistics: Min. -62.54638671875; StDev 13.401019935345097; Mean 2.7626157688960276; Valid 83594.0; Max. 67.75609588623047

Variable Format: numeric

Notes: UNF:6:eeLGmN3R52DYNGEvKGnznw==

year

f6867568 Location:

Summary Statistics: Max. 2016.0; Valid 83594.0; Min. 2010.0; Mean 2013.0; StDev 2.000011962688375

Variable Format: numeric

Notes: UNF:6:6gfWYLWpq7sXP/lQOwitwg==

firmid

f6867568 Location:

Summary Statistics: Mean 27986.0; Valid 83594.0; Max. 55971.0; StDev 25059.500837899497; Min. 1.0;

Variable Format: numeric

Notes: UNF:6:fwlV3zWBOeLyO1QHx0OD7w==

treated

f6867568 Location:

Summary Statistics: Mean 0.5; Valid 83594.0; Min. 0.0; StDev 0.5000029906720938; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:eMrmlXdtP/dhkrrBU8yl2A==

year

f6867573 Location:

Summary Statistics: StDev 1.117863116992743; Valid 25549.0; Max. 2016.0; Mean 2014.4993541821598; Min. 2013.0

Variable Format: numeric

Notes: UNF:6:k5s5FS+pHUQIJ4HkjhkO2g==

gindex

f6867573 Location:

Summary Statistics: Min. 10.0; Mean 101.35662299854432; Max. 223.0; StDev 22.37508714486337; Valid 2748.0;

Variable Format: numeric

Notes: UNF:6:/du/s3kHjphNUjW8MyWI5Q==

chaebol_2015

f6867573 Location:

Summary Statistics: Mean 0.13488557213926589; StDev 0.3416081076158931; Min. 0.0; Max. 1.0; Valid 25125.0;

Variable Format: numeric

Notes: UNF:6:4/d+Seu2bavKuQKtEQ69Dg==

f6867573 Location:

Summary Statistics: Min. 104.0; Max. 97100.0; StDev 22860.123315435038; Valid 25517.0; Mean 32705.5614296354;

Variable Format: numeric

Notes: UNF:6:Pm9PKffNpxjSI3teHW+kRA==

ic1

f6867573 Location:

Variable Format: character

Notes: UNF:6:9yz2LhueICENn4LmJff+dg==

PICgte50

f6867573 Location:

Summary Statistics: StDev 0.496125899430205; Valid 25217.0; Max. 1.0; Min. 0.0; Mean 0.43779989689501114

Variable Format: numeric

Notes: UNF:6:KeyGWloPqbqEYuV0OSdRhw==

after

f6867573 Location:

Summary Statistics: Min. 0.0; Valid 25125.0; Max. 1.0; Mean 0.49313432835820864; StDev 0.4999628099385296

Variable Format: numeric

Notes: UNF:6:oSdDVAPSPVmYsheBDgslaw==

treated

f6867573 Location:

Summary Statistics: Mean 0.4980298507463167; Valid 25125.0; Max. 1.0; Min. 0.0; StDev 0.5000060689652674

Variable Format: numeric

Notes: UNF:6:aUVdfMuaCow225v+RDSV8Q==

equity_2015

f6867573 Location:

Summary Statistics: Mean 2.489529939052071E11; Max. 1.79059820593152E14; Min. -2.7168669696E12; Valid 25217.0; StDev 2.755815480500151E12;

Variable Format: numeric

Notes: UNF:6:f3pbyUXnjIlJJKnISL9aBQ==

EstB4Crs

f6867573 Location:

Summary Statistics: Mean 0.5392314636731285; Valid 25477.0; Min. 0.0; Max. 1.0; StDev 0.4984682988932355;

Variable Format: numeric

Notes: UNF:6:s7vYIQFQWCMgLNwfR3G12g==

HitMoreByCrs

f6867573 Location:

Summary Statistics: StDev 0.4999945173407235; Valid 25425.0; Min. 0.0; Mean 0.49608652900687134; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:sKrMTijcWzmdck64HxXvog==

HitLessByCrs

f6867573 Location:

Summary Statistics: Min. 0.0; Max. 1.0; Mean 0.2993572808643023; StDev 0.45798555638927413; Valid 25361.0;

Variable Format: numeric

Notes: UNF:6:z6zlYZMXA0S+rrbPdvXztA==

HighNI2013

f6867573 Location:

Summary Statistics: Valid 25549.0; Max. 1.0; StDev 0.49840234444260956; Min. 0.0; Mean 0.5400602763317741

Variable Format: numeric

Notes: UNF:6:6Fgp2iaPJOvdAAVXnPcvEg==

firmid

f6867573 Location:

Summary Statistics: Mean 8722.550275940263; Max. 37658.0; StDev 6162.532242010079; Min. 3.0; Valid 25549.0

Variable Format: numeric

Notes: UNF:6:bTsiFCGPFE0OcsZYYGxGUA==

PICgte50_flip

f6867573 Location:

Summary Statistics: Max. 1.0; Mean 0.5548945164194573; Valid 25549.0; StDev 0.4969871825490069; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:zGFACBMeOmPBvLVnD8W7lQ==

chaebol_flip

f6867573 Location:

Summary Statistics: StDev 0.3563344475198069; Mean 0.8507573681944288; Min. 0.0; Max. 1.0; Valid 25549.0;

Variable Format: numeric

Notes: UNF:6:fBjSfgN2JYoj6OtOMR/B/A==

Public

f6867573 Location:

Summary Statistics: StDev 0.48873501044684087; Max. 1.0; Min. 0.0; Mean 0.39441856824140936; Valid 25549.0;

Variable Format: numeric

Notes: UNF:6:V+dSajPOYUY538qQFrcp2Q==

groupid

f6867573 Location:

Summary Statistics: Min. 2.0; Valid 25549.0; StDev 711718.47531956; Mean 1427355.1260323091; Max. 2070849.0;

Variable Format: numeric

Notes: UNF:6:YfkR379kiqqWYGLoYCHR4A==

HighGindex

f6867573 Location:

Summary Statistics: Min. 0.0; Valid 3790.0; StDev 0.49839037555626264; Mean 0.4591029023746657; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:+VJCDbnhjWzrokjvcHGOfw==

indROIC_post

f6867573 Location:

Summary Statistics: Valid 25549.0; Min. -3.0352344512939453; StDev 1.850126687027366; Mean 5.481058906755779; Max. 15.126708030700684

Variable Format: numeric

Notes: UNF:6:BuKN86U6g4Nh3tGsiwtPqw==

residual1

f6867573 Location:

Summary Statistics: Mean -1.6548084230716646E9; Valid 23965.0; Max. 6.148581376E10; Min. -6.2650544128E10; StDev 1.4859727492714851E10;

Variable Format: numeric

Notes: UNF:6:jKrnInJvKVZ+1aUyZxgPWQ==

residual2

f6867573 Location:

Summary Statistics: StDev 3.507362955086129E9; Max. 1.4170329088E10; Min. -1.4192441344E10; Valid 24571.0; Mean -3.7449085805670595E8

Variable Format: numeric

Notes: UNF:6:dveMgbYvcdZVixKjmB7+mg==

cash_at

f6867573 Location:

Summary Statistics: Max. 62.782936096191406; Min. -39.74851608276367; Mean 10.840726194517345; StDev 13.157217723762347; Valid 25125.0

Variable Format: numeric

Notes: UNF:6:2Sq9YtqagvLb64jUgoSJVA==

cash_at_inc

f6867573 Location:

Summary Statistics: StDev 7.841376442644674; Max. 33.46135711669922; Min. -31.82697105407715; Valid 25011.0; Mean 1.085711255098586;

Variable Format: numeric

Notes: UNF:6:qfI2qqQ6SwDnbvh0t71lNQ==

lt_cash_inc

f6867573 Location:

Summary Statistics: Min. -34.848392486572266; StDev 8.636275675127791; Mean 0.9729861683046825; Max. 34.90163040161133; Valid 25421.0

Variable Format: numeric

Notes: UNF:6:5d+5G9XBwhRzlEbCZMntxQ==

payout

f6867573 Location:

Summary Statistics: Valid 25421.0; StDev 2.9404095001980095; Min. -13.244555473327637; Mean 1.174971113393399; Max. 18.095497131347656

Variable Format: numeric

Notes: UNF:6:LgHAe2WLqx+sVUEyoQyGCg==

div

f6867573 Location:

Summary Statistics: StDev 1.7637375392954329; Max. 7.066415309906006; Valid 25421.0; Mean 0.5101123509124393; Min. -6.271780967712402;

Variable Format: numeric

Notes: UNF:6:+RgXZkvRO2HABmr7+8q1ZQ==

repurchase

f6867573 Location:

Summary Statistics: Min. -2.1316771507263184; Valid 25421.0; StDev 0.5952812679062354; Max. 2.4100358486175537; Mean 0.09205084453740713

Variable Format: numeric

Notes: UNF:6:V9HOWL4nlazW3qYhJYNkbQ==

inv

f6867573 Location:

Summary Statistics: Max. 40.16619873046875; Valid 23432.0; StDev 9.641485419572032; Min. -36.116764068603516; Mean 3.463998275524872

Variable Format: numeric

Notes: UNF:6:8dsoGpKrQ+Gy8aTg3vZWsw==

land_inc

f6867573 Location:

Summary Statistics: Valid 24840.0; StDev 6.356239996739858; Max. 29.501821517944336; Min. -26.476322174072266; Mean 1.157476146828107

Variable Format: numeric

Notes: UNF:6:ZqujubhHlHMuF05Yjzaxtg==

bldg_inc

f6867573 Location:

Summary Statistics: Max. 19.596553802490234; Mean 1.0663779275993923; Min. -18.916839599609375; Valid 24841.0; StDev 4.790268167614861

Variable Format: numeric

Notes: UNF:6:1iwa/GFsWzLmLUfgWEsuwg==

eqpt_inc

f6867573 Location:

Summary Statistics: StDev 4.158794258866934; Mean 1.2016954894474212; Min. -13.174396514892578; Valid 24852.0; Max. 17.784191131591797

Variable Format: numeric

Notes: UNF:6:DQo574UxPcZNQ0XirY8iJw==

wage_inc

f6867573 Location:

Summary Statistics: Mean 0.34441930946993554; Valid 24571.0; Min. -5.975527763366699; Max. 6.933973789215088; StDev 1.4814588346682431

Variable Format: numeric

Notes: UNF:6:gnAmNLVQBaJtOuxZ8KkDjw==

size

f6867573 Location:

Summary Statistics: Max. 28.588809967041016; Valid 25125.0; Min. 19.736982345581055; Mean 24.173749015618323; StDev 1.1582235559334828;

Variable Format: numeric

Notes: UNF:6:UKFpmmmNVpo5GjT/qS9igg==

lnS

f6867573 Location:

Summary Statistics: Mean 23.83996893191795; StDev 1.6353180996190184; Valid 25069.0; Max. 29.72589111328125; Min. 17.268470764160156

Variable Format: numeric

Notes: UNF:6:Unl4/AgKpj2CfijufEu7DA==

sales

f6867573 Location:

Summary Statistics: Min. -9.594285850624E12; Max. 9.306742194176E12; Valid 25072.0; Mean 1.7718159594620786E11; StDev 2.1777862214249478E12;

Variable Format: numeric

Notes: UNF:6:SKK6nX3nyp/ipE+u3krvig==

sales_growth

f6867573 Location:

Summary Statistics: Mean 0.16140514646241483; StDev 0.8076011408232943; Min. -3.1189334392547607; Max. 2.9480464458465576; Valid 25050.0

Variable Format: numeric

Notes: UNF:6:blpmN82S0C6fcMzWBjAmBg==

ni2at

f6867573 Location:

Summary Statistics: Valid 25113.0; Mean 2.24271749138601; Max. 52.475582122802734; Min. -51.187503814697266; StDev 11.514815741345917

Variable Format: numeric

Notes: UNF:6:fa3HK9z9/rH591ylfT6QNw==

ndi

f6867573 Location:

Summary Statistics: Max. 58.51140594482422; Mean 2.919253784412208; Min. -51.56911849975586; Valid 25289.0; StDev 13.96587404737366;

Variable Format: numeric

Notes: UNF:6:frBMDdpE6LkKTmBYn45Xjw==

debt

f6867573 Location:

Summary Statistics: Min. -69.91088104248047; Max. 150.210693359375; Mean 31.739420153171988; Valid 25125.0; StDev 28.356925214733398

Variable Format: numeric

Notes: UNF:6:XMM2QONu0vigmwTwd9V/VA==

CAR

f6867573 Location:

Summary Statistics: Mean 0.008578063947063891; Valid 7660.0; Max. 0.25161078572273254; StDev 0.06596632292221431; Min. -0.23922444880008698;

Variable Format: numeric

Notes: UNF:6:USz04eiYyIACGpGLWnTovg==

lnSw

f6867573 Location:

Summary Statistics: Min. 18.015668869018555; Valid 25069.0; StDev 1.489685543874892; Mean 23.885121814311297; Max. 29.304580688476562

Variable Format: numeric

Notes: UNF:6:A/5ntofVyLu603TCQC42/Q==

avg_cash_buildup_inc

f6867573 Location:

Summary Statistics: StDev 11.785016347441093; Valid 25237.0; Max. 51.47297286987305; Min. -53.06092071533203; Mean -0.29501930076815513;

Variable Format: numeric

Notes: UNF:6:1zC9gAulTE79F4XnZA9yYA==

avg_payout_inc

f6867573 Location:

Summary Statistics: Valid 25549.0; Mean -0.026966009303802232; Max. 7.8710832595825195; StDev 1.9042182432039556; Min. -7.421999454498291

Variable Format: numeric

Notes: UNF:6:tf+LCegJaYyN++Il9QxgIA==

avg_inv_inc

f6867573 Location:

Summary Statistics: Valid 24307.0; Max. 64.36476135253906; Min. -63.72077560424805; Mean -1.2425436513816794; StDev 16.459048645629373;

Variable Format: numeric

Notes: UNF:6:Na2noId47yfjgwYRir2/4A==

avg_wage_change_inc

f6867573 Location:

Summary Statistics: Valid 24759.0; Max. 7.112358570098877; StDev 1.840651800065862; Mean -0.15519909553423022; Min. -6.946307182312012;

Variable Format: numeric

Notes: UNF:6:A+3Jhm2TDkkJc4LQhpPwkA==

dist

f6867573 Location:

Summary Statistics: StDev 1.5145164194217327E12; Valid 25125.0; Mean 6.1764711844813545E10; Max. 6.091735826432E12; Min. -5.640634761216E12

Variable Format: numeric

Notes: UNF:6:pvTN1vV2o5D9breP/aPgQw==

lnwage_per_cap

f6867573 Location:

Summary Statistics: Mean 17.130597861688727; Min. 13.117804527282715; StDev 1.0954391601179547; Max. 20.910846710205078; Valid 9239.0;

Variable Format: numeric

Notes: UNF:6:sD+ghoV+roFlWEnwQLblmw==

nempl_at

f6867573 Location:

Summary Statistics: Mean 1.8534344847794483E-7; StDev 1.7478606457455784E-7; Valid 9284.0; Min. -4.472609020922391E-7; Max. 8.280166525764798E-7;

Variable Format: numeric

Notes: UNF:6:MvuSCv/UFjXJT9TnmqUnKQ==

no_empl

f6867573 Location:

Summary Statistics: Min. -0.053078923374414444; Valid 9288.0; StDev 1.3757223176183877; Max. 10.232666015625; Mean 5.339340532918499

Variable Format: numeric

Notes: UNF:6:DaCH/uxyvz6wTSoMZbveBg==

roic

f6867573 Location:

Summary Statistics: Valid 25421.0; Min. -51.98860549926758; StDev 15.387136659624742; Mean 7.165014658178252; Max. 65.79957580566406

Variable Format: numeric

Notes: UNF:6:0TJxtYocpW2jiNbe65MpXw==

inv_raise

f6867573 Location:

Summary Statistics: Valid 23937.0; Min. -1.5422033071517944; Max. 2.5971839427948; StDev 0.4991740678468171; Mean 0.4513956656755397

Variable Format: numeric

Notes: UNF:6:IZ8Jjv8ue28npQArGKssyw==

payout_raise

f6867573 Location:

Summary Statistics: StDev 0.39823704023698747; Valid 25092.0; Min. -1.2065904140472412; Max. 1.8978480100631714; Mean 0.19969003435433688

Variable Format: numeric

Notes: UNF:6:QVdej9kcJi7c8D8iToS+Qg==

ROIC_growth

f6867573 Location:

Summary Statistics: Max. 71.00270080566406; Mean -1.5823686014533824; Valid 25092.0; StDev 15.70881405167059; Min. -61.37847137451172

Variable Format: numeric

Notes: UNF:6:4cK+7CGhaXff/voFoDTLGQ==

f6867573 Location:

Summary Statistics: Min. -36.46793746948242; Valid 25421.0; Max. 40.61991500854492; StDev 9.83415843067405; Mean 5.321502681614958

Variable Format: numeric

Notes: UNF:6:dK82JvNayJDOMzhuNFsoyg==

matchedfirmid

f6867573 Location:

Summary Statistics: Max. 37464.0; Valid 12778.0; Mean 9955.620363124082; Min. 13.0; StDev 6413.25669325541

Variable Format: numeric

Notes: UNF:6:POWeNdEb04G8Rp8z1CbuXw==

Other Study-Related Materials

Label:

KKK_figures_tables_replication.do

Notes:

application/x-stata-syntax