Responsible Investing: Costs and Benefits for University Endowment Funds (Stata Code and Pseudodata)
Description
The file "ReadmeAndGuidance.zip" provides Stata code that replicates the empirical results in the article, "Responsible Investing: Costs and Benefits for University Endowment Funds," by George O. Aragon, Yuxiang Jiang, Juha Joenvaara, and Cristian Tiu. The empirical analysis in the article makes use of novel data on the responsible investment practices of university endowments. The data are obtained from periodic surveys of colleges and universities administered by the National Association of College and University Business Officers (NACUBO). Such data are confidential administrative data and cannot be shared. Instead, "ReadmeAndGuidance.zip" includes pseudodata on which one run the analysis codes to get an idea of how the codes work, even though the outputs will not match the actual exhibits from the paper.