Hello
I want have a data set with a parent firm country variable, a subsidiary country variable, a ownership variable telling how much ownership the parent has in the subsidiary, and a cultural distance variable for each subsidiary country. I.e. CulturalDistanceBrazil, CulturalDistanceRussia, CulturalDistanceIndia, CulturalDistanceChina and CulturalDistanceSouthAfrica. So basically I want stata to only use the culturaldistance variable when it matches with the parent and subsidiary country variable. So if the parent is from Australia and the subsidiary is from Brazil, I want stata to only use the value for CulturalDistanceBrazil for Australia. Right now it has matched all the culturaldistance variables for each parent country. So for all parent firms from Australia it has a value for their culturaldistance for Russia, India, China, South Africa. So if I do my analysis it will regress all the values and not only the one I need for every entry, right?
I have no clue on what to do, so I can't provide any code. I use Stata17
Best regards, Frederik
I want have a data set with a parent firm country variable, a subsidiary country variable, a ownership variable telling how much ownership the parent has in the subsidiary, and a cultural distance variable for each subsidiary country. I.e. CulturalDistanceBrazil, CulturalDistanceRussia, CulturalDistanceIndia, CulturalDistanceChina and CulturalDistanceSouthAfrica. So basically I want stata to only use the culturaldistance variable when it matches with the parent and subsidiary country variable. So if the parent is from Australia and the subsidiary is from Brazil, I want stata to only use the value for CulturalDistanceBrazil for Australia. Right now it has matched all the culturaldistance variables for each parent country. So for all parent firms from Australia it has a value for their culturaldistance for Russia, India, China, South Africa. So if I do my analysis it will regress all the values and not only the one I need for every entry, right?
I have no clue on what to do, so I can't provide any code. I use Stata17
Best regards, Frederik
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