External Uncertainty, Balance-Sheet Vulnerability, and Stock Volatility: Evidence from Macau Gaming Firms

This replication package accompanies manuscript ECMODE-D-26-00260R1, “External Uncertainty, Balance-Sheet Vulnerability, and Stock Volatility: Evidence from Macau Gaming Firms.” It contains the Python analysis code, the final derived disclosure-date analysis panel, public EPU inputs, result tables, figures, software-environment files, SHA-256 checksums, and a table-and-figure mapping. The package reproduces the second-round threshold inference, wild-bootstrap checks, directional regime estimates, and related robustness outputs. Licensed raw market-price histories and issuer-level source files are not redistributed. The relevant restrictions, sources, and data-construction procedures are documented in README.md and DATA_LICENSES.md.