A Note on Capital IQ's Credit Line Data
| Autor: | Ani Manakyan Mathers, Emanuela Giacomini |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
040101 forestry
Economics and Econometrics Settore SECS-P/11 - Economia degli Intermediari Finanziari Empirical work 050208 finance Actuarial science Capital structure media_common.quotation_subject 05 social sciences Capital IQ 04 agricultural and veterinary sciences Detailed data Missing data Data set Credit line credit line Capital (economics) Cash 0502 economics and business Economics Econometrics 0401 agriculture forestry and fisheries Finance Capital IQ credit line media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.2504777 |
| Popis: | Empirical work in finance is increasingly using Capital IQ's detailed data on capital structure. We compare the Capital IQ credit line data to hand-collected data for a random sample of firms. Missing values in Capital IQ are prevalent, so the data set underreports the importance of corporate credit lines. When data are reported, Capital IQ often differs from hand-collected credit line activity. We suggest methods for correcting the errors in the Capital IQ data, note which portions of the data are most reliable, and quantify the effects of Capital IQ's underreporting by examining the tradeoff between cash and lines of credit. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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