An intra- and inter-industry evaluation of three classification schemes common in capital market research

作者: Karel Hrazdil , Kim Trottier , Ray Zhang

DOI: 10.1080/00036846.2014.892200

关键词: Industry classificationStandard Industrial ClassificationCapital marketGlobal Industry Classification StandardEconomicsNorth American Industry Classification SystemIndustrial organizationClassification scheme

摘要: … First, for each of the 12 variables, we consider each industry classification scheme to be effective if the intra-industry homogeneity increases significantly with finer industry …

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