Hrazdil, Karel; Scott, Thomas - In: Review of Quantitative Finance and Accounting 40 (2013) 1, pp. 15-39
This study compares the properties of the Global Industry Classification Standard (GICS) with three alternatives …: Standard Industrial Classification, North American Industry Classification System, and Fama–French classification. First, we … empirical studies that rely on industry classification. Specifically, we revisit findings by Teoh et al. (J Financ 53 …