We compute Investment breakpoints
at the end of each June. Inv used in June of year t is the change in total assets
from the fiscal year ending in year t-2 to the fiscal year ending in t-1, divided by t-2 total assets.
Stocks:
The breakpoints for year t use all NYSE stocks for which we have
total assets data for t-2 and t-1.
Percentiles:
The file contains every
fifth percentile of Inv, from 5% to 100%.
