**Positive integers identify pairs matched, negative integers identify matched non-LBOs in years other than the match, -0.1 identifies LBOs that failed to match to any non-LBOs under constraints provided
===Running Code===
*Open Julia command line in administrator mode
*Change directory to E:\McNair\Projects\LBO\New matching\
cd("E:/McNair/Projects/LBO/New\ matching")
*Run script LBOmatchscript.jl
include("LBOmatchscript.jl")
*Run script LBOmatchscript.jl==Options==
===Options===There are a few options that can be customized in the script before running. Getting the code into a more user-friendly form is a WIP. In fact, some parts might be difficult, if not impossible, to write in a more accessible way.
There are a few things that can be customized in the script. Getting this into a more user-friendly form is a WIP. In fact, some parts might be difficult, if not impossible, to write in a more accessible way.
Before running, modify the following options ===Specify input file (if necessary:using different file than default)===
*If matching using different file, modifyline Line 12: df = readtable("FilepathE:/McNair/Projects/LBO/Clean/STATApredictLBOclean.txt", separator = '\t');
(Not implemented yet: More user-friendly way to input restrictions)*===Specify which observations are valid for matching. ===*For now, we filter out all firms that were never granted a single patent in the period 1970-2015*For firms that LBO, we also drop their observations in all other years from the list of candidates to match to other LBOs*See inline comments in code for detailed description of what matchfilter2, matchfilter4, etc. represent
Lines 38-48
#Splitting dataset into LBO and non-LBO firms
#Note that we also filter out all firms that were never granted a single patent in the period 1970-2015
*===Specify propensity score type to use for matching===*Options are: logitp (panel logit), probitp (panel probit), or Cox proportional hazard (hr)*Alternatively, can use the above options, with regressions performed using winsorized values of regressors (trimmed at 1st and 99th percentiles): logitpw, probitpw, hrw
Options are: logitp (panel logit), probitp (panel probit), or Cox proportional hazard (hr)Alternatively, can use the above, with regressions performed using winsorized values of regressors (trimmed at 1st and 99th percentiles):logitpw, probitpw, hrwline Line 58:
mscore = :logitpw;
*===Specify whether matching priority should be deterministic or random. ===*If deterministic, priority goes to lower GVKEYline Line 61:
randoption = 0;
*===Specify additional constraints on valid matches (modify code within function mcexpr as desired)===*For example, default code forces matches to be within the same industry group, within the same decade, and with patent stocks within +/- 20% of LBO firm.
lines Lines 69-81:
function mcexpr(i)
#note that the below syntax is the simplest way to store a long string over multiple lines
#(i.e., appending additional characters per line)
#Also, note that order of operations forces us to put each condition in parentheses