Citation

Discussion Paper Details

Please find the details for DP10829 in an easy to copy and paste format below:

Full Details

Title: How to construct nationally representative firm level data from the ORBIS global database

Author(s): Sebnem Kalemli-Ozcan, Bent E S�rensen, Carolina Villegas-Sanchez, Vadym Volosovych and Sevcan Yesiltas

Publication Date: September 2015

Keyword(s): Europe, FDI, finance, firms and productivity

Programme Area(s): Financial Economics, International Macroeconomics and Finance, International Trade and Regional Economics and Macroeconomics and Growth

Abstract: Firm-level data on productivity, financial activity and firms' international linkages have become essential for research in the fields of macro, international finance and growth. This paper describes the development of a firm-level global panel dataset for public and private companies based on the administrative microdataset ORBIS, provided commercially by Bureau van Dijk Electronic Publishing (BvD). The ORBIS database provides data on firms' financial and productive activities from balance sheets and income statements together with detailed information on firms' domestic and international ownership structure for over 130 million companies across the world. Researchers need to overcome several challenges before making the database usable for research. First, the database is not designed for large downloads that is essential for an econometric analysis. Second, there are several inherent biases in the database that affect the download process and lead to missing information. Third, the raw data may contain a number of irregularities which, if not dealt with, will result in data loss during a standard cleaning procedure. In combination, these issues cause minimal coverage of small firms, extensive missing data, and poor national representation. We give detailed instructions on the data gathering process from ORBIS in terms of downloading methodology and cleaning procedure so that a researcher can construct a database that is nationally representative with minimal missing information. We provide examples from several European countries to present the process and discuss the resulting dataset in detail.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10829

Bibliographic Reference

Kalemli-Ozcan, S, S�rensen, B, Villegas-Sanchez, C, Volosovych, V and Yesiltas, S. 2015. 'How to construct nationally representative firm level data from the ORBIS global database'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10829