FIN41920代做、代写R程序语言

日期：2025-03-18 08:45

FIN41920 Sustainable Finance Group Project

2025

The purpose of this project is to evaluate the ability of applying US toxic emission data

and accounting data to analyse the effect of toxic emissions on firms’ financial

performance. Here are the recommended instructions:

➢ Each group should decide whether to use Stata or R to complete the work.

➢ You are required to download the Toxics Release Inventory (TRI) Basic Data from

1987 to 2010. The US accounting data and linktable have been provided on

Brightspace for your use. Both files are in .csv format.

➢ Use the linktable to merge TRI data and US accounting data. Both data files have

the same company ID and year information which shall be used.

➢ Calculate the variables of firm size, operating leverage, tangibility, investment rate,

return on equity (ROE), total emissions and emission intensity. For the variable

definitions, please check the pollution premium paper for reference.

➢ Perform the summary statistics for the above variables, i.e., the number of

observations, mean, standard deviation, minimum value, median, and maximum

value.

➢ Use OLS analyses to regress financial performance (ROE) on emission intensity

and control for the variables of firm size, operating leverage, tangibility, investment

rate, year and firm fixed effects.

➢ Output the regression table and identify the relationship between emission

intensity and financial performance. Discuss the statistical significance of

estimated coefficient of emission intensity in the context.

➢ Write a comprehensive report documenting each step, from data curation to the

final model analysis. Include R or Stata code snippets, figures, tables, and a

discussion of results and diagnostics. Conclude with reflections on main findings

and any limitations encountered. The word limit is 1,500 (-/+10%) that excludes

code snippets, figures, tables and references.

➢ During the 15-minute presentation, you should walk through all the steps, the

corresponding codes and findings. The report, final dataset and coding files must

be submitted to Brightspace before the deadline.

➢ Only one member of the group shall make the submission to Brightspace.

➢ During the presentation, three random questions will be asked that must be

answered. Please ensure that every member is thoroughly familiar with the work.

Failure to answer any question will result in the deduction of one mark per missed

question.

➢ Submission Deadline is 21st March 11:00 pm. All group presentations will take

place in the class in 27th March.