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spb/wp29_uqo

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1{2  "task_id": "F1-conf-03",3  "n_analysed": 1800,4  "n_firms": 300,5  "predictors_used": [6    "leverage",7    "cash_ratio",8    "log_sales"9  ],10  "variables_excluded": [11    {12      "variable": "rating_2025",13      "reason": "Final-vintage field assigned in the 2025 review using realised default history through 2022 and average sample leverage; known only in 2025, not at end of origin year t. Including it would leak the outcome (look-ahead)."14    }15  ],16  "beta_leverage": 0.2637836102938267,17  "se_leverage_cluster": 0.0407569280434615,18  "r2": 0.03490564212216729,19  "default_rate": 0.12111111111111111,20  "feasibility": "complete",21  "feasibility_reason": null,22  "data_issues": [23    {24      "issue": "Column rating_2025 is a final-vintage (2025) field built from realised defaults and average leverage: outcome leakage / look-ahead",25      "handling": "Excluded from analytic dataset and model; listed in variables_excluded"26    },27    {28      "issue": "40 duplicated (firm_id, year) rows in the extract; all are exact duplicates of another row (40 exact duplicates)",29      "handling": "Kept one copy of each firm-year (drop_duplicates)"30    },31    {32      "issue": "default_next missing for 2022: 300 rows (outcome year 2023 beyond data cut)",33      "handling": "Excluded from estimation sample; outcomes not imputed"34    }35  ],36  "n_input_rows": {37    "firm_panel.csv": 214038  },39  "random_seed": null,40  "supp_ci95_leverage_cluster": [41    0.18390149920815163,42    0.3436657213795017443  ],44  "supp_se_leverage_hc1": 0.03744708748506851,45  "supp_beta_cash_ratio": -0.18594837465723182,46  "supp_beta_log_sales": -0.007342181807581363,47  "supp_intercept": 0.08997926409935522,48  "supp_year_range": [49    2016,50    202151  ]52}
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