I have a data set of firms that went public via a SPAC merger (SPAC=1). Now I want to match each firm with SPAC=1 with one similar firm that went public via an IPO (SPAC=0), based on firm size (ln of book value of assets), age (years), and industry (2-digit sic).
I understand that one way to do so is setting up a propensity score matching. However, I struggle to set up the matching in STATA. I found a similar question here, but unfortunately, it does not help me in finding a solution.
Please find below a few lines of my sample for reference.
Any help is highly appreciated!
Best,
Tim
ID | SPAC | SIZE | AGE | INDUSTRY |
1 | 1 | 2,04 | 1 | 28 |
2 | 1 | 7,91 | 2 | 73 |
3 | 1 | 8,76 | 3 | 14 |
4 | 1 | 13,03 | 3 | 87 |
5 | 1 | 13,83 | 5 | 73 |
6 | 1 | 15,67 | 6 | 13 |
7 | 1 | 16,42 | 5 | 59 |
8 | 1 | 18,21 | 3 | 78 |
9 | 1 | 19,24 | 8 | 73 |
10 | 1 | 1,56 | 3 | 99 |
11 | 0 | 3,47 | 5 | 28 |
12 | 0 | 4,49 | 2 | 36 |
13 | 0 | 6,01 | 7 | 28 |
14 | 0 | 9,12 | 4 | 73 |
15 | 0 | 10,69 | 10 | 28 |
16 | 0 | 13,08 | 6 | 17 |
17 | 0 | 16,93 | 15 | 28 |
18 | 0 | 18,37 | 8 | 28 |
19 | 0 | 19,88 | 13 | 73 |
20 | 0 | 22,02 | 10 | 73 |
0 Response to Propensity Score Matching (PSM) to match firms based on age, size and industry
Post a Comment