This file documents the programs and data files for replicating the tables and figures in Goel, Lewrick, and Mathur 
"Does regulation only bite the less profitable? Evidence from the too-big-to-fail reforms"
Forthcoming in JMCB as of August, 2024.

Programs
There are two main programs in this folder that create all the exhibits in the paper. 
Codes								Output
Stata_code_create_exhibits_for_paper.do 	 		Figures 2-7 and Tables 1-9 in the paper (including the figures and tables in the Annex) 
Stata_code_create_exhibits_for_online_appendix.do 		Figures and Tables in the Online Appendix 

Data
The Stata codes take the following four datasets as input: 
data_RR_Master.dta 
data_RR_PTH.dta 
data_RR_MAIN_COVID.dta 
data_ROA_from_2010.dta. 
The non-public variables in these datasets (such as bank balance sheet and profitability variables from Fitch) are set to missing due to contractual agreement regarding data sharing with the data providers. As such, figures and tables in the paper that depend on such data cannot be fully replicated. 

This folder also contains the data used to plot Figure 1 in the paper. For Figure 1, annual reports for 33 G-SIBs and 12 largest Non-GSIBs (based on 2013 scores) were obtained from their individual websites for the years 2011-2018. They are not saved here due to the size and public availability of these reports. The keywords used in the word count calculation, and to extract and identify "action-oriented" sentences (see Section 2.2 and Online Appendix A.2 for examples), are reported in Online Appendix A.1. The following files contain the anonymised data to replicate panels (a) and (b) of Figure 1. Please see notes to Figure 1 for more details.
fig1_panela_data_anonymised.rda
fig1_panelb_data_anonymised.rda
