Financial Statement Similarity (FSS)" Data File

The 'FSS' measure proposed by Brown, Ma, and Tucker(2023). 'Financial statement similarity'. Contemporary Accounting Research, 40(4), 2577–2615.

• Data Format: Stata

• Data Range: Fiscal Year 1997-2021

firm-year version (transformation at 3-digit SIC industry)

• Frequency: Firm-Year

• Variables: GVKEY, FYEAR (fiscal year), FSS

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firmpair version (transformation at 3-digit SIC industry)

• Frequency: Firm i-j pair, Year

• Variables: SICH3 (3-digit historical SIC code), FYEAR (fiscal year), GVKEY_i, GVKEY_j, FSS_Pair

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firmpair version (transformation at 2-digit SIC industry)

• Frequency: Firm i-j pair, Year

• Variables: SICH2 (2-digit historical SIC code), FYEAR (fiscal year), GVKEY_i, GVKEY_j, FSS_Pair

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coding guidance for calculating FSS in R

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