
The accompanying version 11 Stata dataset contains the incentive measures derived and used in Anderson and Core (2017). It also contains the vega and delta used in the paper. These variables are derived as described in the appendix to the paper. Computer code for calculating the measures is available is on request. 

The remaining dependent and independent variables were computed using CRSP and Compustat as described in the paper.

Use Stata commands "describe" and "fsum, label stats(n mean) format(%9.2f)" to see contents of data set:

               Variable |        N     Mean       variable label
--------------------------------------------------------------------------------------------------------                                                                                                                                                        
             co_per_rol |    18829           Execucomp ID number for each executive/company combination
                  gvkey |    18829           Compustat database six-digit number key assigned to company
               datadate |    18829           company fiscal year end
                eq_sens |    18829    70.92  equity sensivity computed following section A.4.1 of paper
               tot_sens |     8600    63.74  total sensivity computed following section A.4.1 of paper
                   vega |    18829    57.82  portfolio vega computed following section A.4.3 of paper
                  delta |    18829   748.30  portfolio delta computed following section A.4.3 of paper
             tot_wealth |    18829   125.39  total wealth. See Section 3.3 of paper and Dittman and Maug (2007)
            eq_fin_sens |    18829    33.60  equity financing sensivity computed following section A.4.2 of paper
               fin_sens |     8600    29.67  financing sensivity computed following section A.4.2 of paper
     eq_sens_tot_wealth |    18829  0.00123  equity sensivity / total wealth
    tot_sens_tot_wealth |     8600  0.00125  total sensivity / total wealth
        vega_tot_wealth |    18829  0.00095  vega / total wealth
       delta_tot_wealth |    18829  0.00599  delta / total wealth
 eq_fin_sens_tot_wealth |    18829  0.00068  equity financing sensivity / total wealth
    fin_sens_tot_wealth |     8600  0.00063  financing sensivity / total wealth



 