Data Details:

The data provided are estimated yearly debt-focused constraint measures and equity-focused constraint measures estimated using the methodology provided in Linn and Weagley (2023). See the paper for more details on how the constraints are estimated:

Uncovering Financial Constraints, Matthew Linn and Daniel Weagley, forthcoming, Journal of Financial and Quantitative Analysis. 

JFQA link: https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/uncovering-financial-constraints/5B6A3DAAB845FE926425CC710B0806B1

SSRN link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3375048

Details on the data:
We index the data by Compustat gvkey and  year.  The year refers to the calendar year in which the given firm's fiscal year ends.  We do not lag the data.

Variable and Variable Definition:
LW_debtcon_full, Debt-focused constraint estimates using the full model
LW_equitycon_full, Equity-focused constraint estimates using the full model
LW_debtcon_prim, Debt-focused constraint estimates using the "Primitive" model
LW_equitycon_prim, Equity-focused constraint estimates using the "Primitive" model