Are Direct Lenders More Like Banks or Arm’s-Length Investors?

Published: 2 October 2026| Version 3 | DOI: 10.17632/z52zkr9jx5.3
Contributor:
Young Soo Jang

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Data and Code Sharing Description • “finalized_code.do”: The original, finalized code used to produce tables and figures in the paper. o “renego_fig.py” is a python code to create one of the figures in the table using the underlying data produced from an analysis in “finalized_code.do” • “linebyline_documenation_finalized_code.pdf”: a detailed line-by-line documentation producing the main tables and figures from “finalized_code.do” • “claude_createpseudo_prompt.pdf”: The Claude Code prompt used by the author to generate the pseudo-data files in the “pseudo” folder. • “summary_tablesfigures_programs_README”: an Excel file documenting the relevant code lines in “finalized_code.do” and the resulting output files for all figures and tables referenced in the final manuscript. • “pseudo” folder: Contains the following files: o “finalized_code_pseudo.do”: Claude-updated code of “finalized_code.do” that ensures all of the pseudo files generated above by Claude using “claude_code_prompt.pdf” were run properly. o “finalized_code_pseudo.log”: the log file showing the results from running “finalized_code_pseudo.do” o “make_pseudo_data.do”: Claude-generated stata code to generate the pseudo data sets that were run on “finalized_code_pseudo.do”. o “make_pseudo_data.log”: the log file showing the results from running “make_pseudo_data.do” o “README_pseudo.md”: A README file providing a complete description of all files in this directory. o The folders (“contract_innovation,” “External Data Sets,” “JMP,” “Master Data Sets,” and “Representativeness”) were created by the Claude run in accordance with the directory structure specified in the code.

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