The Hoberg and Moon text-based offshoring database is based on annually updated firm disclosures in the regarding their international activities in 10-Ks. 

The offshoring database is best described as a dynamic firm-nation-year network summarizing the international activities of publicly traded U.S. firms that file 10-Ks.  The network summarizes four specific activities: (1) Offshore Output (firm sells goods to given nation), (2) Offshore Input (firm purchases inputs from given nation), (3) Offshore External Input (firm purchases inputs from given nation but does not own assets there), and (4) Offshore Internal Input (firm purchases inputs from given nation and the firm does own assets in the given nation).

We thank Christopher Ball at metaHeuristica for access to outstanding text analytic tools that made this project possible.

Hoberg and Moon
Data Library


Marshall School of Business
University of Southern California
Los Angeles, CA

Welcome to the Hoberg-Moon Offshoring Repository

<< Note: Offshoring Data Extended through 2017! >>

Data provided by Gerard Hoberg (University of Southern California)

and S. Katie Moon (University of Colorado)


 

* Please cite these papers when using this data.  Details regarding the creation and use of this data are also in these papers.

Offshore Activities and Financial vs Operational Hedging, 2017, Journal of Financial Economics 125 (2), 217-244  [Download Paper].

The Offshoring Return Premium, 2019, Management Science, 65 (6), 2445-2945. [Download Paper].


FX Hedging Data (firm-year textual mentions of usage of FX Hedging instruments):

Readme file [click here]

Text-Based FX Hedging Data [click here to download]

 


Basic Version of Offshoring Network:

Readme file [click here]

Text-Based Offshoring Network Data (Basic Version) [click here to download]

* The above basic version covers all firm to country name links.

** Please review all details in the readme file before using the database.


Enhanced Version of Offshoring Network:

Readme file [click here]

Text-Based Offshoring Network Data (Enhanced Version) [click here to download]

* The above enhanced version covers everything in the basic version and also all firm to region name links.  Regions include terms like “Asia”, “Latin America”, etc.

** Please review all details in the readme file before using the database.


* For more information about the technology used in this research, visit metaHeuristica.com

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