11 FAQs

Q1: What is the primary purpose of the provided data and Stata codes?

A1: The data and Stata codes aim to help researchers map broker IDs and recover missing analyst IDs in their history files.

Q2: How can I access the Stata codes and data?

A2: Fill in the form below, and after a review of your information, you would receive a link to download the Stata codes and data.

Q3: What does the linking table do?

A3: The linking table connects the broker ID in the Unadjusted Detail History File (ESTIMATOR) to the broker ID in the Recommendations Detail History File (ESTIMID).

Q4: How does the Stata program address missing analyst IDs?

A4: The Stata program reverse engineers missing analyst IDs in the Unadjusted Detail History File (ANALYS) based on non-missing analyst IDs in the Recommendations Detail History File (AMASKCD).

Q5: What information is in the October 2018 Product Change Notice?

A5: The notice contains the IDs of the 88 brokers (ESTIMID).

Q6: Where can I learn more about the linking table and Stata program?

A6: For additional details, refer to the paper "Goodbye IBES (or Not?)."

Q7: Is the linking table the IBES Broker Translation File?

A7: No, the linking table is not the IBES Broker Translation File.

Q8: Are broker or analyst names included in the data?

A8: No, the linking table does not contain the real names of brokers or analysts.

Q9: Can I share the downloaded Stata codes and data with others?

A9: No, direct interested parties to this website for prior authorization.

Q10: What if I do not agree with all three boxes below (i.e., agree to cite, agree not to share, understand data and codes may contain errors)?

A10: If you do not agree with all three boxes, you should not proceed with requesting the data and Stata codes.

A11: If a broker issues only forecasts without providing recommendations or only issues recommendations without providing forecasts, its broker ID will not appear in the linking table. The primary purpose of the linking table and the Stata program is to reverse engineer missing analyst IDs in the Unadjusted Detail History File (ANALYS) based on non-missing analyst IDs in the Recommendations Detail History File (AMASKCD) for brokers who have issued both forecasts and recommendations.