State-owned capital participation and credit ratings: Evidence from private listed firms

This document outlines the complete empirical procedures and code used to generate all tables presented in this paper. Each code segment corresponds sequentially to the results reported in the paper. All data for this paper were obtained from the CSMAR database and the China Provincial Marketization Index Report. All tables are clarified with specific code lines in the do-file.

本文档详述了复现本文所有表格所需的完整实证流程与代码。每一段代码均与论文中依次呈现的研究结果一一对应。本文所有数据均取自国泰安中国经济金融数据库（CSMAR）及《中国分省份市场化指数报告》。所有表格均可通过do文件中的具体代码行得到明确阐释。