Financial Ratios in Empirical Corporate Finance Research
13 Pages Posted: 16 Oct 2017 Last revised: 8 Jul 2021
Date Written: July 8, 2021
Abstract
This paper provides guidance on the appropriate estimation of financial ratios for empirical research corporate finance, corporate governance and accounting. Practical examples are provided employing the widely-used Compustat database, and all calculated ratios are made available for download in a dataset. A companion Github repository of the associated SAS code is offered to assist researchers in estimating key financial ratios consistently.
Keywords: Financial Statement Analysis, Ratio Analysis, WRDS, Compustat
JEL Classification: M41, G30, G32
Suggested Citation: Suggested Citation
Balogh, Attila, Financial Ratios in Empirical Corporate Finance Research (July 8, 2021). Available at SSRN: https://ssrn.com/abstract=3053402 or http://dx.doi.org/10.2139/ssrn.3053402
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