bkelly-lab / replicationcrisis Goto Github PK

After running the code the output folder contains only the following files.

The log file is attached.
main.log

Hi,

I am wondering about the ranking of the mispricing scores. In the documentation of Stambaugh, Yu, Yuan, their mispricing score has the following interpretation:

According to this measure, the stocks with the highest values of MISP are the most “overpriced,” and those with the lowest values are the most “underpriced.”

As I am a novice to SAS programming I cannot answer the following question by looking at the source code: Is the mispricing measure you provide sorted in the same way, i.e., should stocks with a high mispricing measure have lower next month returns ? From what I understand, you sign the variables according to the findings in the literature, and the sort descending, which would yield the opposite interpretation, i.e., a high mispricing measure is associated with higher (not lower) next month returns.

Thanks for a clarification and best regards!

Thank you for sharing your project.
I encountered some issues running your code on SAS Studio (3.81 Basic Edition). After running the code the output folder contains only empty zip files. I would appreciate your help. Thanks in advance.

I will share LOGs if the current run is completed because I didn't save the LOGs from the last run