I would like to find the most recent fiscal-year-end investment based on the calendar time, so for example, on calandar time Jan2017 for the firm i, I would like to identify the most recent available date of fiscal year end (fym) and it could be on Dec2016 or Oct2016, which depends on the data availability. I've found some related discussions on forum, but still couldn't get the result I want after several trials. The difficulty here is to identify the most recent fiscal year end according to the calandar time, do you know how to adjust my following codes to satisfy that? Many thanks for your help in advance!
Here are my trial codes:
Code:
egen whenlast = max(cond(!missing(inv), fym, .)), by(permno year) egen mostrecent = total(cond(fym <= whenlast, inv, .)), by(permno year)
Code:
* Example generated by -dataex-. To install: ssc install dataex clear input double permno float(fym ym year inv) 10001 329 329 1987 . 10001 341 341 1988 .04923744 10001 353 353 1989 . 10001 365 365 1990 .12323585 10001 377 377 1991 .00625579 10001 389 389 1992 . 10001 401 401 1993 . 10001 413 413 1994 .028103314 10001 425 425 1995 . 10001 437 437 1996 . 10001 449 449 1997 .03011862 10001 461 461 1998 .04490795 10001 473 473 1999 . 10001 485 485 2000 . 10001 497 497 2001 .00778224 10001 509 509 2002 . 10001 521 521 2003 . 10001 533 533 2004 .036568023 10001 545 545 2005 .007604275 10001 557 557 2006 .030736925 10001 569 569 2007 .02768201 10001 587 587 2008 .03786452 10001 599 599 2009 . 10001 611 611 2010 .02021314 10001 623 623 2011 . 10001 635 635 2012 . 10001 647 647 2013 . 10001 659 659 2014 . 10001 671 671 2015 .06002158 10005 335 335 1987 . 10005 347 347 1988 .3489565 10005 359 359 1989 .11902058 10006 179 179 1974 . 10006 191 191 1975 .009795986 10006 203 203 1976 . 10006 215 215 1977 . 10006 227 227 1978 . 10006 239 239 1979 . 10006 251 251 1980 . 10006 263 263 1981 .003754211 10006 275 275 1982 . 10010 333 333 1987 . 10010 345 345 1988 .013301323 10010 357 357 1989 .016951194 10010 369 369 1990 . 10010 381 381 1991 . 10010 393 393 1992 . 10010 405 405 1993 .21574366 10011 349 361 1990 . 10011 361 373 1991 .11395872 10011 373 385 1992 .04502336 10011 385 397 1993 . 10011 397 409 1994 . 10011 409 421 1995 . 10011 421 433 1996 .018474387 10011 433 445 1997 . 10012 325 337 1988 . 10012 337 349 1989 . 10012 349 361 1990 . 10012 361 373 1991 .10245787 10012 373 385 1992 .01330823 10012 385 397 1993 .025130806 10012 397 409 1994 . 10012 409 421 1995 .04874434 10012 421 433 1996 . 10012 433 445 1997 .04086566 10012 445 457 1998 .01229265 10012 457 469 1999 .06302412 10012 469 481 2000 . 10012 481 493 2001 .06938227 10012 493 505 2002 .06559808 10012 505 517 2003 .009870172 10012 517 529 2004 . 10014 170 182 1975 . 10014 182 194 1976 .003883881 10015 299 299 1984 . 10016 335 335 1987 . 10016 347 347 1988 .012448853 10016 359 359 1989 .014390157 10016 371 371 1990 .00545693 10016 383 383 1991 . 10016 395 395 1992 .02559407 10016 407 407 1993 .008933168 10016 419 419 1994 .035720687 10016 431 431 1995 .008099532 10016 443 443 1996 .02214086 10016 455 455 1997 .024634454 10016 467 467 1998 .07937292 10016 479 479 1999 .0356203 10018 333 333 1987 . 10018 345 345 1988 .08612505 10018 357 357 1989 . 10018 369 369 1990 .12523298 10018 381 381 1991 .04002704 10018 393 393 1992 . 10018 405 405 1993 . 10018 417 417 1994 .1547711 10019 329 329 1987 . 10019 341 341 1988 . 10019 353 353 1989 . end format %tm fym format %tm ym
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