Over-debt data of listed companies from 2000 to 2022 (including original data + calculation code + results)
1. Time: 2000-2022
2. Indicators: securities code, year, security abbreviation, industry name, industry code, manufacturing industry, take a two-digit code, use major categories for other industries, state-owned enterprises as 1, otherwise 0, enterprise size, asset-liability ratio, net profit from total assets rate, proportion of fixed assets, growth rate of total assets, number of shares held by the largest shareholder/total number of shares
3. Source: Annual reports of listed companies:
4. Scope: listed companies
5. Content: including original data, calculation code and calculation results
6. Method description: Referring to the research of Professor Wang Changyun, the difference between the actual debt ratio and the target debt ratio obtained by Tobit regression is identified as the excessive debt ratio.
7. References: Wang Changyun, Li Zhoujia, Zeng Jianyu. Will the equity pledge of controlling shareholders cause over-indebtedness of listed companies?
8. Note: The financial industry and STPT have been excluded, and have been shrunk by 1%.
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