**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\
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.==Options==
Before 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, modify the following options if necessary:not impossible, to write in a more accessible way.
Modify ===Specify input file (if matching using different filethan default)===
(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
*Alternatively, can use the aboveoptions, with regressions performed using winsorized values of regressors (trimmed at 1st and 99th percentiles): logitpw, probitpw, hrw
Line 58:
mscore = :logitpw;
===Specify whether matching priority should be deterministic or random===
*If deterministic, priority goes to lower GVKEY
Line 61:
randoption = 0;
===Specify additional constraints on valid matches (modify code within function mcexpr as desired)===*Specify whether matching priority should For example, default code forces matches to be deterministic or randomwithin the same industry group, within the same decade, and with patent stocks within +/- 20% of LBO firm. If deterministic, priority goes to lower GVKEY
Lines 69-81:
return eval(parse(mcriteria))
end
*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.