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Information Asymmetry Measures (view source)
Revision as of 18:22, 25 July 2013
, 18:22, 25 July 2013→New Measures
The prior usage of these measures (except for distance and patents) is in the table in the next section ([[#Table of Measure Usage|Table of Measure Usage]]. The build notes for each of these measures are included in the [[#Build Notes|Build Notes]] section below.
'''Deal-level IA Measures:'''
*iagoogledist - The distance between the target and acquirer HQ as calculated by Google Maps
*iagoogledur - The driving time between the target and acquirer HQ as calculated by Google Maps
*samestate - Whether the target and the acquirer are headquartered in the same state
'''Target-level IA Measures:'''
*patents - Binary Variable: Whether the target has patents
*patentcount - The count of patents held by the target
'''Industry-Year IA Measures (Industry defined at 3dg NAIC, year is transaction year):'''
*From Compustat (Accounting Measures):
**iacstatmktba - The Market-to-Book Value of Assets ratio
**iaibesforecastsd - Std. Deviation of forecase error (see below)
The following variables are also available provided in '''log form''' (note the 'l' on the end):
*iagoogledistl
*iagoogledurl
