Data_Shulyaeva

Dataset for the Master's dissertation "The impact of the quality of integrated reporting on companies' cost of equity".
All the data was collected from the Bloomberg and Refinitiv Eikon, despite of the variable IR.
List "data"
BI_Country - binary variable, 1 - company from developed country, 0 - company from developping country;
COST_EQUITY - Cost of equity, estimated by CAPM model;
IR - Integrated report quality, that was measured by the author;
BI_COST_EQUITY - binary variable, 1 - if cost of equity for company i in year t is lower than the median, 0 -otherwise;
MARKET_CAPITALIZATION_TO_BV - The ratio of market capitalization to book value;
APPLIED_BETA - Companies beta on CAPM model;
UNLEVERED_BETA - Companies beta on CAPM model without the impact of debt (using Hamada formula);
Ln_total_assets - natural logarithm of total assets of the company;
SUSTAIN_GROWTH_RT - growth rate of the company;
TOT_DEBT_TO_TOT_EQY - total debt to total equity of the company
LT_DEBT_TO_TOT_EQY - long term debt to total equity of the company;
ESG_DISCLOSURE_SCORE - Environmental, Social, and Corporate Governance disclosure score;
GOVNCE_DISCLOSURE_SCORE - Governance disclosure score;
LN_BS_DISCLOSED_INTANGIBLES - natural logarithm of companies disclosed intangibles;
BI_LN_BS_DISCLOSED_INTANGIBLES - binary variable, if LN_BS_DISCLOSED_INTANGIBLES for company i in year t is above the median, 0 -otherwise;
IS_RD_EXPEND - Companies RD expenditures from Income Statement;
RD_EXPEND_TO_NET_SALES - Companies RD expenditures from Income Statement to Net Sales;
BI_RD_EXPEND_TO_NET_SALES - binary variable, if RD expenses/Net sales for company i in year t is above the median, 0 -otherwise;
ROA - companys' return on assets;
ROE - companys' return on equity.
List "BI_calcs"
Here is supportive information om median calculation for Binary variables.
List "data_rus"
There is the same variables despite the variable IR, that is the index of the transparency of russian reports, got from the https://da-strateg.ru/ikp/.

本数据集用于硕士学位论文《整合报告质量对企业股权资本成本的影响》。除整合报告质量（IR）变量外，所有数据均取自彭博（Bloomberg）与路孚特Eikon（Refinitiv Eikon）金融数据平台。

数据集变量列表（data）：
BI_Country：国别二元变量，取值为1时代表企业来自发达国家，取值为0时代表企业来自发展中国家；
COST_EQUITY：股权资本成本，通过资本资产定价模型（Capital Asset Pricing Model, CAPM）估算得到；
IR：整合报告质量，由论文作者自行测算；
BI_COST_EQUITY：股权资本成本二元变量，取值为1时代表企业i在t年度的股权资本成本低于样本中位数，取值为0时反之；
MARKET_CAPITALIZATION_TO_BV：市值与账面价值之比；
APPLIED_BETA：资本资产定价模型（CAPM）下的企业Beta值；
UNLEVERED_BETA：经哈马达公式（Hamada formula）剔除债务影响后的资本资产定价模型（CAPM）企业Beta值；
Ln_total_assets：企业总资产自然对数；
SUSTAIN_GROWTH_RT：企业可持续增长率；
TOT_DEBT_TO_TOT_EQY：企业总负债与总股本之比；
LT_DEBT_TO_TOT_EQY：企业长期负债与总股本之比；
ESG_DISCLOSURE_SCORE：环境、社会及公司治理（ESG）披露得分；
GOVNCE_DISCLOSURE_SCORE：公司治理披露得分；
LN_BS_DISCLOSED_INTANGIBLES：企业披露无形资产自然对数；
BI_LN_BS_DISCLOSED_INTANGIBLES：无形资产对数二元变量，取值为1时代表企业i在t年度的LN_BS_DISCLOSED_INTANGIBLES高于样本中位数，取值为0时反之；
IS_RD_EXPEND：企业利润表列示的研发支出；
RD_EXPEND_TO_NET_SALES：企业研发支出与净销售额之比；
BI_RD_EXPEND_TO_NET_SALES：研发支出占比二元变量，取值为1时代表企业i在t年度的研发支出与净销售额之比高于样本中位数，取值为0时反之；
ROA：企业资产收益率；
ROE：企业净资产收益率。

二元变量计算说明列表（BI_calcs）：
以下为二元变量中位数计算的辅助说明信息。

俄语数据集列表（data_rus）：
该数据集除整合报告质量（IR）变量外，其余变量与上述数据集一致，此处的IR为俄罗斯报告透明度指数，数据取自https://da-strateg.ru/ikp/平台。