Data and Code


Exhibit 21 Data

This data captures (with noise) the states and countries in which a firm discloses material subsidiaries as required by the SEC. I have used variations of the data in several studies, including Dyreng and Lindsey (2009), Dyreng, Hanlon, and Maydew (2012), Dyreng, Lindsey, and Thornock, (2012), Black, Dikolli, and Dyreng (2012).



This is a SAS program that uses the Cramer (1987) method to calculate the variance of the Adjusted R-Square Statistic from an OLS regression.