| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060344 | Economics Letters | 2013 | 4 Pages |
Abstract
⺠We compare four broadly available industry classification schemes. ⺠We analyze the ability of each scheme to group stocks with similar operating characteristics. ⺠The Global Industry Classification System is superior to other industry classifications. ⺠Monte Carlo simulations support the results across different application schemes.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Karel Hrazdil, Kim Trottier, Ray Zhang,