A Dataset for Examining the Problem of the Use of Accounting Semi-Identity-Based Models in Econometrics
Abstract
1. Summary
2. Methods and Data Description
Model for Generating Investments as a Function of Cash Flows and Tobin’s Q
3. Results and Discussion
3.1. First Example of Reusability: Controlling for Q
3.2. Second Example of Reusability: Decoupling Investments from Cash Flows
3.3. Third Example: Developing Other Model
4. Conclusions and User Notes
Supplementary Materials
Funding
Data Availability Statement
Conflicts of Interest
References
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Variables’ Names in the Article | Variables’ Names in the Syntax | Mean | Median | SD | Min | 1st Quartile | 3rd Quartile | Max |
---|---|---|---|---|---|---|---|---|
Cash flows | rgcfc | 0.250 | 0.250 | 0.100 | −0.143 | 0.182 | 0.317 | 0.659 |
Q | rgq | 2.450 | 2.450 | 0.200 | 1.634 | 2.316 | 2.585 | 3.276 |
Investments | rgcapex | 0.187 | 0.187 | 0.110 | −0.280 | 0.113 | 0.261 | 0.658 |
Rest | rgres | −0.063 | −0.063 | 0.114 | −0.536 | −0.140 | 0.014 | 0.564 |
I—Subsample Low Investments (Brown) | II—Subsample High Investments (Green) | III—Whole Sample | ||||
---|---|---|---|---|---|---|
Coef. | t | Coef. | t | Coef. | t | |
Cash flow | 0.105 *** | 4.47 | 0.232 *** | 10.17 | 0.510 *** | 28.27 |
Dummy low invest × Cash flow | −0.910 *** | −68.31 | ||||
Constant | 0.021 *** | 5.30 | 0.165 *** | 38.55 | 0.111 *** | 33.53 |
R2 | 0.014 | 0.028 | 0.511 | |||
N | 1306 | 3586 | 4892 |
I—Whole Sample | II—Subsample for Positive Rest | |||
---|---|---|---|---|
Coef. | t | Coef. | t | |
Cash flow | 0.002 | 0.38 | 0.558 *** | 85.69 |
Q | 0.076 *** | 34.21 | 0.032 | 12.36 |
Constant | −0.003 | −0.47 | 0.089 *** | 13.74 |
R2 | 0.023 | 0.323 | ||
N | 50,000 | 16,109 |
Sales (Units) | Price | |
---|---|---|
Sales (Units) | 1.000 | |
Price | 0.992 *** | 1.000 |
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Sánchez-Vidal, F.J. A Dataset for Examining the Problem of the Use of Accounting Semi-Identity-Based Models in Econometrics. Data 2025, 10, 62. https://doi.org/10.3390/data10050062
Sánchez-Vidal FJ. A Dataset for Examining the Problem of the Use of Accounting Semi-Identity-Based Models in Econometrics. Data. 2025; 10(5):62. https://doi.org/10.3390/data10050062
Chicago/Turabian StyleSánchez-Vidal, Francisco Javier. 2025. "A Dataset for Examining the Problem of the Use of Accounting Semi-Identity-Based Models in Econometrics" Data 10, no. 5: 62. https://doi.org/10.3390/data10050062
APA StyleSánchez-Vidal, F. J. (2025). A Dataset for Examining the Problem of the Use of Accounting Semi-Identity-Based Models in Econometrics. Data, 10(5), 62. https://doi.org/10.3390/data10050062