Making Paper Pay: Commercial Paper Trading Facilitation and Corporate Tax Avoidance

The file "EM data" provides the process and instructions for replicating the econometric analysis presented in the study. The replication folder contains all available data, code, and software to reproduce the results presented in the paper.

“EM数据（EM data）”文件提供了复现本研究中计量经济学分析的流程与操作指南。复现文件夹包含了可复现论文所呈现结果所需的全部可用数据、代码与软件工具。