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VC Acquisitions Paper (view source)
Revision as of 15:29, 21 February 2012
, 15:29, 21 February 2012→Rebuild Notes
The NormalizeFixedWidth.pl script was modified so that it only drops commas in numbers and not those in names etc.
===Processing the Acquisitions===
A large number of 'new' flags are now available in SDC. Most of them have no bite on our data. But I have excluded the following:
*Cases where the target was bankrupt or distressed as indicated by: TargetBankrupt, TargetBankInsolvent, Liquidation, Restructuring.
*Cases where the form wasn't genuinely privately-held as indicated by: OpenMarketPurchases, GovOwnedInvolvement, JointVenture, Privatization (which capture government sales).
*Cases where there was a share recap going on concurrently with the acquisition: Recap
*Targets that had LBO involvement (more will likely be removed in the next phase of matching to LBO targets): LBO, SecondaryBuyoutFlag, ReverseTakeOver (used for LBO'd firms doing a reverse take over), IPOFlag (likewise).
*Firms where the deal began as a rumor (so the information leakage is problematic): DealBeganAsRumor
All together, these constraints reduce us from 41,572 to 40,306 acquisitions. Constraints that had no bite included: Spinoff, TwoStepSpinOff, and Splitoff.
