=====================================================
============FLR 2018 ================================
=====================================================

In this study, we use firm level balance sheet data and local real estate prices. 
Both databases are confidential :
The access to the firm level database used (FIBEN) has to be asked to the Banque de France ; details on the process to access the data can be found here : https://www.banque-france.fr/statistiques/acces-aux-donnees-granulaires/open-data-room
The access to local real estate prices can be obtained through the "notaires de France" (https://immobilier.statistiques.notaires.fr/accueil-pro) ; access to the local indices over a subperiod used in this papier can be asked to Denis Fougre (denis.fougere@sciencespo.fr).

Based on these database, the attached programs generate all the relevant variables and the regressions tables presented in the paper.

For any questions on these codes please contact simon.ray.marchaud@gmail.com.
