Common Control Variables of A Shares of Listed Companies from 2000 to 2021
1. Time: 2000-2021 (Note: The nature of the equity began in 2004, and the shareholding ratio of the largest shareholder began in 2003)
2. Source: Organized from csmar and wind
3. Data range: A-share companies do not include delisted listed companies, and do not include data before listing
Including raw data, data processing code and data results after cleaning
4. Data description: including three versions
Version 1: The JINRONG industry, ST, *ST or PT listed company samples are not excluded, and the version without shrinking
Version 2: Excluding samples of financial industry, ST, *ST or PT listed companies, version without shrinking
Version 3: Excluding samples of listed companies in the financial industry, ST, *ST or PT, the tail has been shrinked
For specific indicators and companies, please refer to the data preview in the link below:
Link: https://pan.baidu.com/s/1wokvZTcYgTHsamLsRB7bDQ
Extraction code: hxwj
5. Indicators:
Basic data indicators: stkcd, year, securities code, net accounts receivable, other net receivables, net inventory, net fixed assets, total non-current assets, total assets, total liabilities, paid-in capital or share capital , total asset turnover rate B, operating income, management expenses, total profit, net profit, net cash flow from operating activities, industry code, total asset net profit rate ROAB, return on net assets B, sales period expense ratio, operating Income growth rate B, chairman and general manager concurrently, number of directors, number of independent directors, number of shares held by regulators, company establishment date, listing date, market type, delisting date, Tobin’s Q value A, Tobin’s Q Value B, Tobin’s Q Value C, Tobin’s Q Value D, Equity Nature, Equity Concentration Index 1, Equity Concentration Index 2, Equity Concentration Index 3, Equity Concentration Index 4, Z Index, Annual Total Market Value of Individual Stocks, Monthly Average Excess Exchange Hand ratio, total institutional shareholding ratio, type of audit opinion, whether the auditor is from the international four
Result data indicators and description:
| variable |
symbol |
Variable definitions |
| Company Size |
Size |
Natural logarithm of total annual assets |
| Assets and liabilities |
Lev |
Total liabilities at the end of the year divided by total assets at the end of the year |
| Net Profit Margin of Total Assets |
LONG |
Net profit/average balance of total assets |
| Roe |
ROE |
Net profit/average balance of shareholders' equity |
| total asset turnover |
ATO |
Operating Income/Average Total Assets |
| cash flow ratio |
Cashflow |
Net cash flow from operating activities divided by total assets |
| Accounts receivable ratio |
REC |
Ratio of net accounts receivable to total assets |
| Inventory ratio |
INV |
Ratio of net inventory to total assets |
| Proportion of fixed assets |
FIXED |
Ratio of net fixed assets to total assets |
| Operating Income Growth Rate |
Growth |
Operating income of the current year/Operating income of the previous year-1 |
| Is it a loss |
Loss |
If the net profit of the year is less than 0, take 1, otherwise take 0 |
| Number of directors |
Board |
Take the natural logarithm of the number of directors |
| Proportion of independent directors |
indep |
Independent directors divided by the number of directors |
| two jobs in one |
Dual |
1 if the chairman and general manager are the same person, otherwise 0 |
| Shareholding ratio of the largest shareholder |
Top1 |
Number of shares held by the largest shareholder/total number of shares |
| Shareholding ratio of the top five shareholders |
Top5 |
Number of shares held by the top five shareholders/total number of shares |
| Shareholding ratio of the top ten shareholders |
Top10 |
Number of shares held by the top ten shareholders/total number of shares |
| Equity checks and balances |
Balance1 |
The shareholding ratio of the second largest shareholder divided by the shareholding ratio of the first largest shareholder |
| Equity checks and balances |
Balance2 |
The sum of the shareholding ratios of the second to fifth largest shareholders divided by the shareholding ratio of the first largest shareholder |
| book-to-market ratio |
BM |
Book Value/Total Market Value |
| Tobin's Q |
TobinQ |
(tradable market value + number of non-tradable shares × net assets per share + book value of liabilities) / total assets |
| Whether it is a state-owned enterprise |
SOE |
The value is 1 for state-owned holding enterprises, and 0 for others |
| Years of listing |
ListAge |
ln (current year - listing year + 1) |
| Years of establishment |
FirmAge |
ln (year of the year - year of establishment of the company + 1) |
| Monthly average excess turnover rate |
Dturn |
Average monthly stock turnover rate for the current year - Average monthly stock turnover rate for last year |
| Institutional investor shareholding ratio |
INST |
The total number of shares held by institutional investors divided by the outstanding share capital |
| Management shareholding ratio |
mshar |
Management shareholding data divided by total share capital |
| Management expense rate |
Years |
Administrative expenses divided by operating income |
| Large shareholder capital occupation |
Occupy |
Other receivables divided by total assets |
| Whether the four |
Big4 |
1 if the company is audited by the Big Four (PwC, Deloitte, KPMG, Ernst & Young), and 0 otherwise. |
| audit opinions |
Opinion |
If the company's financial report of the year was issued a standard audit opinion, the value is 1, otherwise it is 0 |
| industry |
Industry |
According to the industry classification of the China Securities Regulatory Commission in 2012, two-digit codes are used for manufacturing industries, and major categories are used for other industries |
| years |
Year |
6. Download link:
2000-2021年上市公司常用控制变量数据(A股）含stata处理代码
https://download.csdn.net/download/m0_71334485/88143697
