WRDS.wharton.upenn.edu A 10-minute brief for Web query of accounting and finance data Professors Matt Spiegel and Shyam Sunder MGT948, Fall 2010

Compustat Provides machine readable accounting data for fundamental analysis Computerized 10-K, 10-Q Annual and quarterly ▫Date Range : for quarterly, for annual ▫Number of Companies: 29,201 for quarterly; 30,960 for annual ▫Last Updated: 08/07/2009 ▫ID: tic, gvkey, CUSIP, SIC ▫Do not be overwhelmed by the hundreds of data items. For most of valuation purposes, use Simplified Financial Statement Extract

CRSP Market data (prices, returns, trading volume) Some variables are available in Compustat Monthly and daily, stocks and market index ▫Data Range: December December 2008 ▫Number of Securities: 27,945 ▫Last Updated: 02/16/2009

IBES analyst forecasts A lot of forecasts- 85,070,000 Useful for estimates of EPS, Sales, ROA, ROE, and long-term growth Street earnings vs. GAAP earnings ▫GAAP Net Income includes special items ▫Analysts’ forecasts typically excludes SPI ▫Relevant for high-litigation risk industries Use discretion when there is temptation to take others’ forecasts as granted

Other data RiskMetrics ▫Corporate governance CSMAR ▫Chinese stock market Mergent Fixed Income Securities Database (FISD) ▫Bond issues, redemptions, transactions, ratings