Hi,
Thanks for the help!
I have noticed, there is another column of audit year which looks like below. I want to create a dummy, where year=audit_year.
Firm ID Year Audit_year Dummy (what I want)
11 1990 . 0
11 1991 . 0
11 1992 1993 0
11 1993 . 1
11 1994 1995 0
11 1995 . 1
11 1996 . 0
12 2001 . 0
12 2002 2003 0
12 2003 . 1
12 2004 . 0
12 2005 . 0
12 2006 . 0
12 2007 . 0
12 2008 . 0
12 2009 . 0
In the latter table, audit years are one year ahead of YEAR. Please help with respect to the codes
Regards,
Amanjot
So you want dummy=1 if Audit_Year is not missing in the previous obs?
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