Comprehensive Research Databases
The International Center for Finance subscribes to a number of large, multi-purpose databases that can be used for research in asset pricing, corporate finance and other disciplines. Please read the list below to determine which data source may be most appropriate for your research.
Wharton Research Data Services (WRDS)
Wharton Research Data Services, or WRDS, is a comprehensive web-based data management system that allows faculty and students to easily retrieve information from a wide variety of financial, economic, and marketing data sources. WRDS is best known for its holdings of historical financial data from CRSP and COMPUSTAT. This data covers over 30,000 companies and includes security prices and trading volume, income and balance sheet items, and analyst projections for earnings and sales. WRDS also contains stock market indices, bond prices and interest rates, mutual fund and stock ownership information, options data, and a wide array of macroeconomic time series. International data, marketing and industry reports, and web usage data are also available on WRDS. If you are an ICF fellow, please click on this link to request a WRDS account. Make sure you fill in all appropriate information and select 'Yale University' as the permission-granting institution. This service is available to ICF researchers, but is not available for general student use outside of the Ph.D. program.
Center for Research in Security Prices (CRSP)
CRSP creates and maintains premier historical US databases for stock (Nasdaq, AMEX, NYSE), indices, bond, and mutual fund securities. Standard Subscription Product include CRSP US Stock Databases; CRSP US Indices Database; CRSP/COMPUSTAT Merged Database (CCM); CRSP Survivor Bias-Free US Mutual Fund Database; CRSP US Treasury Databases. Available at all StatLab locations and remotely via the SOM network and WRDS. Click on the link above for detailed usage instructions.
Compustat Research Insight (RI) consists of two databases: 1. Compustat North America and 2.Compustat Global (formerly Global Vantage). North America contains 20 years of annual, 12 years of quarterly, 7 years of business and geographic segment, and 240 months of stock prices and dividend data. Financial and market data for over 10,300 U.S. and Canadian companies are available, along with the data from over 7,600 inactive companies that no longer file with the SEC due to a merger,liquidation, bankruptcy, etc. Global contains detailed information about companies, indices, and currencies from across the globe. In addition, it contains more than 9,000 industrial and financial services companies representing over 65 countries, market data including over 80 local market indexes, and over 70 currencies. With Research Insight as the interface program and Compustat or Global Vantage as the database, users can generate reports/charts that are useful in analyzing a company's profitability, risk, and growth possibilties. Available at all StatLab locations and remotely via WRDS.
The Bloomberg terminal includes delayed exchange feeds from the world's exchanges, currency feeds from top inter-bank trading floors, dozens of different news wires, and descriptive information, research and financial statistics on over 52,000 companies worldwide. Covers global securities markets, including equities, money markets, currencies, municipals, corporate/Euro/sovereign bonds, commodities, mortgage-backed securities, derivative products and governments. Bloomberg Business News covers companies, industries and markets with over 3,000 stories/day. Available at the Social Science Library and in room B66 at SOM. The ICF maintains a username and password which are posted next to each terminal. Please note that the Bloomberg excel plugin is only available on the terminal in room B-66 of SOM. A good guide to getting started on Bloomberg can be found here.
Datastream is a worldwide financial information service that covers all aspects of the securities industry. Data are included on stocks, bonds, indices and other financial vehicles such as options, convertibles, warrants and swaps. DATASTREAM Equity Research and DATASTREAM Bond Research provide next day and historical coverage of over 30,000 equities and 70,000+ bonds. Extensive worldwide economic data from governments and international organizations such as the IMF and OECD also are included. Information can be displayed and analyzed statistically against user-defined criteria and downloaded to a spreadsheet. Available at the Social Science Library on machine #9. A helpful tutorial can be found here.
Yale's subscription to Thomson Research includes the following modules: 1) comprehensive company information including SEC filings, insider trading filings and analysis, state and federal agency documents, criminal and civil filings, and bankruptcy filings on over 12,000 companies traded on the major U.S. stock exchanges, 2) data covering both US and international company filings, real-time and historical SEC EDGAR filings, scanned images of company annual reports, foreign exchange filings, and hard-copy SEC filings, and 3) presentation-ready Tearsheets - detailed one-page reports depicting critical company information, including annual and quarterly financial data, a list of officers and their salaries, earnings estimates, recent filings and more. Access restricted by IP address to the Yale domain.
Global Financial Data
The Global Financial Database provides access to more than 6,500 historical and current data series ranging from stock, bond and commodity indices to exchange rates, derivatives and a number of key macroeconomic indicators. An excellent source for time-series data on virtually any asset class related to the developed world. Provides stock market data from 1690, exchange rates from 1590, interest rates from 1700, commodity prices from 1500, and inflation rates from 1264. Data is also available on companies that are no longer in business. An excellent tutorial and list of data sources is available here. Access is restricted by IP address to the Yale domain.