A comparison of industry classification schemes: A large sample study

In a large sample setting, we compare four broadly available industry classification schemes in their effectiveness to group stocks with similar operating characteristics. We demonstrate the advantage of the Global Industry Classification Scheme to be consistent across different application schemes common to capital market research and across different groups of firms.

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Year of publication:	2013
Authors:	Hrazdil, Karel ; Trottier, Kim ; Zhang, Ray
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 1, p. 77-80
Publisher:	Elsevier
Subject:	Industry classification \| Homogeneity \| Performance \| GICS

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Type of publication:	Article
Classification:	C15 - Statistical Simulation Methods; Monte Carlo Methods ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010603124