作为企业融资约束(financial constraint)的度量,Rahman(2023)参考Kaplan and Zingales(1997)、Cheng et al.(2014),用Compustat中的数据计算了KZ指数。 KZ Index = − 1.002 CFit/Ait-1 − 39.368 DIVit/Ait-1 − 1.315 Cit/Ait-1+ 3.139 LEVit + 0.283 Qit 其中: CFit/Ait-1:cash flow over lagged a...
参考文献: Hadlock C J, Pierce J R. New evidence on measuring financial constraints: Moving beyond the KZ index[J]. The Review of Financial Studies, 2010, 23(5): 1909-1940. 鞠晓生,卢荻,虞义华.融资约束、营运资本管理与企业创新可持续性[J].经济研究,2013,48(01):4-16. ...
[2]Kaplan, S. and Zingales, L. (1997) Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? Quarterly Journal of Economics, 112, 169-215. [3]Hadlock, C.J. and Pierce, J.R. (2010) New Evidence on Measuring Financial Constraints: Moving beyond the KZ Inde...
size为企业总资产的自然对数值,age为企业年龄。Hadlock,C.,and J Pierce, New Evidence onMeasuring Financial Constraints: Moving Beyond the KZ Index”,Review of Financial Studies, 2010, 23(5):1909-1940. 本数据提供了2000-2022年上市企业的融资约束指数(KZ、SA和WW指数) 1、时间跨度:2000-2022年 2、...
financial constraintsinvestmentcash flowWe evaluate the KZ index as a measure of financial constraints by undertaking an analysis similar to the original modeling underlying this index. Using a largedoi:10.2139/ssrn.1104651Hadlock, Charles JPierce, Joshua R...
摘要: We collect detailed qualitative information from financial filings to categorize financial constraints for a random sample of firms from 1995 to 2004. Using th关键词: financial constraints KZ index qualitative information investment 收藏 引用 批量引用 报错 分享 ...
英['keɪz'i:] 美['keɪz'i] abbr. Kazakhstan 哈萨克斯坦; 学习怎么用 权威例句 Multilevel kz-way hypergraph partitioning Quasiclassical asymptotics of solutions to the KZ equations New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index ...
(): for index, date in enumerate(dic[pig]): print(pig, date) img = scipy.io.loadmat('dataset/miniCYRIL-Piglet-Data/' + pig + '/' + date) wavelengths = img['wavelengths'].astype(float) white_full = img['refIntensity'].astype(float) dark_full = img['darkcount'].astype(float)...
An index is a 'basket' of securities or financial products with an associated calculated value that is used to judge the performance or relative performance of those included financial products relative to a market, relative index or similar benchmark. There are a wide number of indexes with dif...
Hadlock,C.,and J Pierce, New Evidence onMeasuring Financial Constraints: Moving Beyond the KZ Index”,Review of Financial Studies, 2010, 23(5):1909-1940.本数据提供了2000-2022年上市企业的融资约束指数(KZ、SA和WW指数)1、时间跨度:2000-2022年2、区域范围:沪深A股上市公司3、指标说明:股票代码、年份...