Welcome to Peter Demerjian's Profile

Managerial Ability Data

Below is a dataset providing the MA-Score, the measure of managerial ability developed in Demerjian, Lev, and McVay (2012). The data was generated in February 2011, and covers the years 1980 through 2009. In addition to the data file, we also provide a file describing the data. We are making the data available for private academic use. If you use this data in a study, please reference the article:

Demerjian, P., B. Lev, and S. McVay. 2012. Quantifying Managerial Ability: A New Measure and Validity Tests. Management Science 58(7): 1229-1248.

Data - Data in CSV File (through 2009)

Data - MA-Score Description (2009)

A detailed description of the estimation is available in Demerjian, Lev and McVay (2012).

Our newest update includes data through 2016; as above, please continue to reference the original article if you use this updated dataset.

Please note: We have modified our estimation procedure for this current iteration; please see the attached description document for details.

Data - Data in CSV File (through 2016)

Data - MA-Score Description (2016)

Probability of Covenant Violation Data

Below is a dataset providing PVIOL, the measure of aggregate covenant violation probability developed in Demerjian and Owens (2016). The data was generated in December 2015, and covers all Dealscan loan packages with sufficient data. In addition to the data file, we also provide a file describing the data. We are making the data available for private academic use. If you use the data, please reference the article:

Demerjian, P. and E. Owens. 2016. Measuring Financial Covenant Strictness in Private Debt Contracts. Journal of Accounting and Economics (2016)

Data - Data in CSV File

Data - PVIOL Description