My understanding is that caliperwidth(0.1) makes the difference of ROA between treatment and control groups within the value of +/- 0.1. However, I'd like to match ROA with a range of +/-10%, which is ROA from the control group is not 10% higher or lower than the corresponding ROA.
Is there any way I can use the percentage difference instead of the actual value difference as the caliper width?
Thanks a lot for any help and comment.
Code:
* Example generated by -dataex-. For more info, type help dataex clear input long stkcd int year double roa byte treatment 4 2011 .046830003727583745 0 4 2012 .04050635388779153 0 4 2013 .023938467922043048 0 4 2014 .046188643554358366 0 4 2015 .01719991819670127 0 4 2016 .1775298333690193 0 4 2017 .02191692926187318 0 4 2018 -.061543475694888994 0 4 2019 -.0024115198348312527 0 5 2010 -.003421735983836361 0 5 2011 .00905503454132357 0 5 2012 .016686805744591075 0 5 2013 -.035624123614119804 0 5 2014 .03158343984215735 0 5 2015 -.024626937110126847 0 5 2016 .04628077822456593 0 5 2017 .007876100430552625 0 5 2018 .050217034684912974 0 5 2019 .058874672135832556 0 6 2010 .057942059022990655 1 6 2011 .05216514790634165 1 6 2012 .06738054038720612 1 6 2013 .07002386641567787 1 6 2014 .04360112953523529 1 6 2015 .034540541559403316 1 6 2016 .06103667380740991 1 6 2017 .06244191741112164 1 6 2018 .06819427734297234 1 6 2019 .05354384054264582 1 7 2010 .06527903160641156 0 7 2011 .022930988812767884 0 7 2012 .005614041578245276 0 7 2013 .028639181838631657 0 7 2014 -.049025421173671084 0 7 2015 .027560054552458434 0 7 2016 .1585790901726705 0 7 2017 .0017960226238898176 0 7 2018 -.3601920345168437 0 7 2019 .041651386601188126 0 9 2010 .04405083092833007 0 9 2011 .03227960025216681 0 9 2012 .02333106279716629 0 9 2013 .03262986444719718 0 9 2014 .03209050794474974 0 9 2015 .053323504502728505 0 9 2016 .019399877156343247 0 9 2017 .011923784396394046 0 9 2018 .022280568703266983 0 9 2019 .023563756371373736 0 10 2010 .018060520974888063 0 10 2012 .014986191541823363 0 10 2013 .0037077236091027977 0 10 2014 -.09365409043696454 0 10 2015 .0038693136262392333 0 10 2016 .008022458238600682 0 10 2017 -.3381495394535607 0 10 2018 -.22195259878634666 0 10 2019 .029388978524123463 0 11 2010 .06006921870396561 1 11 2011 .07356854094059356 1 11 2012 .09487472826957374 1 11 2013 .07767129748537889 1 11 2014 .10751164072079042 1 11 2015 .03580557881896992 1 11 2016 .053327058855217664 1 11 2017 .11550610763036104 1 11 2018 .10182837949860239 1 11 2019 .06889121555302187 1 14 2010 .048823281366409975 1 14 2011 .035960996932445165 1 14 2012 .01641921155453686 1 14 2013 .018601747834259164 1 14 2014 .028069165184644126 1 14 2015 .024607412315286306 1 14 2016 .015536601513141431 1 14 2017 .007189933303928599 1 14 2018 .0805957263225833 1 14 2019 .01629095073318841 1 17 2010 .2054995592161571 0 17 2011 .2054995592161571 0 17 2012 -.3204851871021661 0 17 2013 .2054995592161571 0 17 2014 .11231382336389677 0 17 2015 -.002309371267719172 0 17 2016 .07194867424034053 0 17 2017 .02146764955447785 0 17 2018 -.025674901391686884 0 17 2019 -.12455655866464031 0 19 2010 .013645884125180918 1 19 2011 .009080568766300312 1 19 2012 .06055948680180421 1 19 2013 .03382681749991461 1 19 2014 .012234575854182918 1 19 2015 -.04051128967325299 1 19 2016 .07648891097108283 1 19 2017 -.05722507167415348 1 19 2018 .049599337667664174 1 19 2019 .056754632952510584 1 20 2010 .012642698084252649 0 20 2011 .015521759986024827 0 end
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