Compustat DATA (2)
Posted: 08 April 2015 02:28 PM   [ Ignore ]
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Hey guys,

For a research thesis, we want to calculate the Defond & Park model of abnormal accruals to proxy for earnings management. We base our calculation on ‘the Joint Effect of Investor Protection and Big 4 Audits on Earnings Quality around the World’, and here the model is calculated based on the following items:

Predicted accruals:
Sales (#1) in year t
gross PPE (#77) in year t
depreciation in year t 1 (#11-#13)
gross PPE in year t 1 (#77)
total assets (#89) in year t 1

Operating cash flows: Earnings before extraordinary items (as above)
Depreciation and Amortization (#11)
change of deferred income tax (#105)
change of untaxed reserve (#108)
change in other liabilities (#109)
minority interest (#27)
current accruals (as defined below).
Current accruals: change in non-cash working capital
total current assets (#75)
cash and short term investments (#60)
treasury stock shown as current assets (#73)
total current liabilities (#104)
total amount of debt in current liabilities (#94)
proposed dividends (#102)


Apparently, this is an old list with numbers that are outdated. We are thus looking for a translation of these numbers into current compustat global Fundamentals annual data items, since we cannot find them ourselves, even not in the Compann, Compqtr and PDE translation of the Support section of the WRDS-website. Can you help us out?

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Posted: 08 April 2015 04:32 PM   [ Ignore ]   [ # 1 ]
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hi WoutDC,

I don’t have the legacy manuals; I also can’t find it online. The quickest way is probably to ‘translate’ the items yourself.

Best regards,

Joost

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Posted: 09 April 2015 02:03 AM   [ Ignore ]   [ # 2 ]
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Compustat Global was Global Vantage before, not sure if this helps?

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Posted: 09 April 2015 08:03 PM   [ Ignore ]   [ # 3 ]
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Thanks—I can’t find anything for that either.

Best,

Joost

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