Collections

A curated database of variables + constructions from top papers.

COLLECTIONS
2026 Corporate Finance / Investment / Misallocation
Mete Kılıç; Şelale Tüzel — Journal of Financial Economics, Vol 176 (Feb 2026), Article 104208
A sizable share of firms invest heavily despite low current MPK because they have valuable growth options (rare jumps in sales and MPK). These high-investment/low-MPK firms are younger and more innovative; policies that ignore jump potential reduce dispersion but can lower aggregate productivity.
  • Total I/K — Total investment rate (investment-to-capital).
    Construction: Investment divided by total capital, combining physical + intangible components (total capital approach). Often industry-adjusted within 2-digit SIC and used for annual median sorts. · Freq: Annual · Sample: Compustat firms · Source: Compustat + intangible capital construction
    Notes: Used to form high vs low investment groups.
  • Log MPK — Log marginal product of capital.
    Construction: Firm-level MPK measure (constructed; frequently industry-adjusted relative to 2-digit SIC medians). · Freq: Annual · Sample: Compustat firms · Source: Compustat (constructed)
    Notes: Used jointly with investment to define ‘misallocation’ portfolio.
  • High I/K & Low MPK indicator — Investing-in-misallocation group membership.
    Construction: Indicator = 1 if firm is above-median Total I/K and below-median Log MPK within industry-year. · Freq: Annual · Sample: Compustat firms · Source: Constructed from Total I/K and Log MPK
    Notes: Core empirical object.
  • Jump dummy — Large growth event.
    Construction: Event defined by large increases in sales and MPK (paper’s jump definition; see paper for exact cutoffs and window). · Freq: Event / Annual · Sample: Compustat firms · Source: Compustat (constructed)
    Notes: Used to link current investment to future growth options.
2026 Corporate Finance / Investment
Mete Kilic; Selale Tuzel — JFE (2026)
  • —
    Construction:
2024 Asset Pricing
Example Paper Title
Author A; Author B — Journal / Working Paper
Why this paper matters (one sentence).
  • VAR_NAME — What it measures.
    Construction: How it is built (formula/steps). · Freq: Monthly · Sample: US equities 1970–2020 · Source: CRSP/Compustat
    Notes: Units, winsorization, lags, pitfalls.

← Back to Home