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I have attached here the rest of the archives from the workfile.

Thanks for your prompt reply. I have attached the workfile I on on.(due to the size limit of 2 mb, I have created and attached several archives.). I will post the program again, with a sample that gives that error. The program creates and fills the matrix of companies available, the matrix including...

The following programme works only for some subsamples in our period, for example 2001-2002. For other samples we have the following error: Invalid permutation index vector in "MATRIX ORDONATE=@RAPPLYRANKS(COMPAV,RANK_BETA)". Does anyone know how to help? Thanks. scalar k=0 for !i=1 to 112...