@article{e401cc14d455448091b030ce5d4fd5d7,
title = "The U.S. syndicated loan market: Matching data",
abstract = "We introduce a new software package for determining linkages between datasets without common identifiers. We apply this to three datasets commonly used in academic research on syndicated lending: Refinitiv LPC DealScan, S&P Global Market Intelligence Compustat, and National Information Center Structure Data. We benchmark the results of our match using results from the literature and previously matched files that are publicly available. We find that company level matching is enhanced by careful cleaning of the data and considering hierarchical relationships. The R package for one of the company-level matches can be found on GitHub and CRAN, which can be considered a general toolkit to match different firm-level datasets with one another.",
author = "Cohen, {Gregory J.} and Jacob Dice and Melanie Friedrichs and Kamran Gupta and William Hayes and Isabel Kitschelt and Lee, {Seung Jung} and Marsh, {W. Blake} and Nathan Mislang and Maya Shaton and Martin Sicilian and Chris Webster",
note = "Funding Information: The authors thank Mary Chen, Danno Lemu, Nicholas Stewart, and Cristhian Vera for excellent research assistance. The authors thank Mark Carey for many helpful discussions and seminar participants at the Federal Reserve Board, the Federal Reserve Bank of Kansas City, and the Federal Reserve Bank of Atlanta for comments. The authors thank discussants Jeffrey Harris and Xuan Zou for valuable feedback and other participants at the 2019 FMA Annual Meeting and the 2019 SFA Annual Meeting for helpful suggestions. The authors thank Murali Jagannathan (editor) and an anonymous referee for comments and suggestions. Some of the data used are confidential and were processed solely within the Federal Reserve System. This work was completed while Friedrichs, Gupta, Hayes, Mislang, Shaton, and Sicilian were employed at the Federal Reserve Board. The views expressed are our own and not the views of the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Kansas City, the Board of Governors of the Federal Reserve System, nor anyone else associated with the Federal Reserve System. All remaining errors and omissions are our own. Publisher Copyright: {\textcopyright} 2021 The Southern Finance Association and the Southwestern Finance Association",
year = "2021",
month = dec,
day = "1",
doi = "10.1111/jfir.12261",
language = "English",
volume = "44",
pages = "695--723",
journal = "Journal of Financial Research",
issn = "0270-2592",
publisher = "Wiley-Blackwell Publishing Ltd",
number = "4",
}