Corporate finance, governance, market anomalies, and ESG research with CSMAR — full support for dynamic panel GMM, two-way clustering, Tobin's Q, and the standard listed-company toolkit.
target audience：Finance / accounting / corporate governance grad students, quant research, ESG analysts
CSMAR Financial Statement Database · CSMAR Corporate Governance Database · CSMAR Stock Market Database
Firm size · Leverage ratio · Return on assets (ROA) · Tobin's Q · Top shareholder ownership · Industry classification
All methods below run inside the wizard with verified Stata / Python / R templates.
| method | typical use |
|---|---|
xtreg + 双向聚类 SE | 公司年度面板的标配 |
gmm_dynamic system GMM | 动态面板（含滞后被解释变量） |
DID 事件研究 | 政策冲击 / 制度变迁对公司绩效 |
PSM + DID | 处理组选择偏差校正 |
Heckman 选择偏差 | 并购 / IPO 选择 |
Lewbel 异方差识别 | 弱工具变量替代识别 |
Upload your data, declare research roles (DV / IV / controls), and the wizard runs the matching templates and generates a Word report — coefficients, standard errors and p-values come from real CSVs, never synthesised text.