Replication package for "Financial Stability and Resilience of Membership-Based Organizations: Evidence from Croatia"

Replication package for the article "Financial Stability and Resilience of Membership-Based Organizations: Evidence from Croatia" (Economic and Business Review, manuscript EBR-D-26-00043). The package comprises fifteen files: master_dataset.csv, the cleaned and merged analysis panel of 229,666 organization-year observations on 32,237 Croatian nonprofit organizations, 2015–2024, constructed from the public Nonprofit Organizations Registry of the Croatian Ministry of Finance; replication_workbook.xlsx, the replication workbook with the matched pair list, every reported table, the event-study inputs and the diagnostic sheets; replication.py, a self-contained script that re-estimates every regression reported in the manuscript and verifies each result through 470 automated checks; diagnostics_specification.py; machine-readable results and run logs; manifest.json; r15_pairs.csv, the archived matched pair list of robustness check R15; verify_final.py, an independent verification battery; SHA256SUMS; and README_replication.md, which documents the package. The materials created by the authors are released under a Creative Commons Attribution 4.0 International licence. The underlying official registry records are published by the Ministry of Finance of the Republic of Croatia and the authors do not hold rights in them.