I am dealing with an unbalanced panel data for calculating the share holdings by a particular investing company. As shown from the table below, I would like to calculate the quarterly holding changes by investing company (id=1001) for each portfolio firm (e.g., a, b, c, d, e), and then use the difference times the stock price of each portfolio firm in the incumbent quarter.
year | quarter | investment company | portfolio firm | number of shares | stock price of each holding firm |
1996 | 1 | 1001 | a | 1000 | 3.33 |
1996 | 1 | 1001 | b | 1200 | 3.33 |
1996 | 1 | 1001 | c | 1300 | 3.33 |
1996 | 1 | 1001 | d | 1100 | 3.33 |
1996 | 1 | 1001 | e | 1050 | 3.33 |
1996 | 2 | 1001 | a | 1100 | 4.44 |
1996 | 2 | 1001 | b | 1100 | 4.44 |
1996 | 2 | 1001 | c | 1200 | 4.44 |
1996 | 2 | 1001 | d | 1400 | 4.44 |
1996 | 2 | 1001 | e | 0 | 4.44 |
1996 | 3 | 1001 | a | 900 | 5.55 |
1996 | 3 | 1001 | b | 1300 | 5.55 |
1996 | 3 | 1001 | c | 1200 | 5.55 |
1996 | 3 | 1001 | d | 1400 | 5.55 |
1996 | 4 | 1001 | a | 1200 | 6.66 |
1996 | 4 | 1001 | b | 1030 | 6.66 |
1996 | 4 | 1001 | c | 1000 | 6.66 |
1996 | 4 | 1001 | d | 1409 | 6.66 |
1997 | 1 | 1001 | a | 2000 | 7.77 |
1997 | 1 | 1001 | b | 1700 | 7.77 |
1997 | 1 | 1001 | c | 1344 | 7.77 |
1997 | 1 | 1001 | d | 1278 | 7.77 |
1997 | 2 | 1001 | a | 1900 | 8.88 |
1997 | 2 | 1001 | b | 2000 | 8.88 |
1997 | 2 | 1001 | c | 1300 | 8.88 |
1997 | 2 | 1001 | d | 700 | 8.88 |
In general, the calculation equation could be:
(Nj, i, t - Nj, i, t-1)* Pj,t, where Nj,i,t is the number of shares holding by investing firm i in portfolio firm j in quarter t, Pj, t is the stock price for portfolio firm j in quarter t.
It would be much appreciated if some one can show me the stata codes in dealing with such issue.
Best,
Cong
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