This is Jones Model - Accruals measures.
Please ignore what is written in the Paretheses for Compustat data.
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We ran the below codes but only for one country and two sic codes. We need to do our whole dataset so we need a loop that will do automatically. Please, can anyone help us with this? Thank you very much in advance.

destring gvkey, replace
destring sic, replace
gen sic2=int(sic/100)
drop if (fic !="AUS")
tsset gvkey FISCAL_YEAR
gen l1at=l.at
gen Accruals=( nicon-oancf)/l1at
gen l1revt=1.revt
gen changerev=(revt-l1revt)
gen l1rect=1.rect
gen changerect=(rect-l1rect)
gen chgrevchgrec = (changerev-changerect)/l1at
gen ppegtl1at=ppegt/l1at
gen invl1at=1/l1at
reg Accruals invl1at chgrevchgrec ppegtl1at
predict earningsmanagement, resid
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