This paper investigates how factor clustering-based approach to segment and estimate a statistical-based credit score …

I develop a two-step approach to assess the economic value of a statistical clustering. In the first step, I isolate … the purely statistical information in the clustering. The second step then assigns an economic value to the clustering …. This approach must, however, be embedded into an economic context as the global objective economic value of a clustering, i …

This paper examines the existence and drivers of price clustering on the Pakistan Stock Exchange (PSX), a market which … of stock price clustering, particularly on integer increments. Our multivariate empirical analysis highlights that price … clustering on PSX is generally consistent with the negotiation hypothesis of Harris (1991). Unlike developed stock markets, we …