External Uncertainty, Balance-Sheet Vulnerability, and Stock Volatility: Evidence from Macau Gaming Firms
Description
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.
Files
Steps to reproduce
1. Extract the replication package and open the directory 03_Replication_Package_Mendeley. 2. Create the environment: python -m venv .venv source .venv/bin/activate python -m pip install -r requirements.txt 3. Run: ./run_replication.sh The script runs the final second-round analysis with 999 bootstrap replications. It reads the disclosure-date panel in analysis/data/ and writes machine-readable tables and figures to analysis/results/. The fixed seed is 20260729. The table_ figure_map.csv file identifies the output supporting each reported table and figure.
Institutions
- Macau University of Science and TechnologyMacau, Macao