Supplementary material of "Manager Sentiment in MD&A and Its Effect on Corporate Innovation" By Zhao and Xiong

Description

This directory contains supplementary material of the paper "Manager Sentiment in MD&A and Its Effect on Corporate Innovation" by Xun Xiong and Long Zhao. The zip folder includes a README file and the STATA code for all emprical results in this paper.

Steps to reproduce

We obtain positive and negative sentiment words from the China Research Data Services Platform (CNRDS), patents and all other data from the Chinese Stock Market & Accounting Research Database (CSMAR). We also download data on alternative sentiment words and textual-based innovation measures from the WinGo database for robustness checks.

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